IMF says global growth has decelerated

TOKYO Sat Oct 13, 2012 10:44am IST

International Monetary Fund's Managing Director Christine Lagarde speaks at the International Monetary and Financial Committee (IMFC) at the Imperial Hotel Toyko, Japan, October 13, 2012. REUTERS/Stephen Jaffe/IMF/Handout

International Monetary Fund's Managing Director Christine Lagarde speaks at the International Monetary and Financial Committee (IMFC) at the Imperial Hotel Toyko, Japan, October 13, 2012.

Credit: Reuters/Stephen Jaffe/IMF/Handout

Related Topics

TOKYO (Reuters) - Global economic growth has decelerated and advanced economies need to step up the pace of policy reforms to rebuild confidence, the International Monetary Fund's steering committee said on Saturday.

"Global growth has decelerated and substantial uncertainties and downside risks remain," the IMF's steering committee said in its communique.

"We need to act decisively to break negative feedback loops and restore the global economy to a path of strong, sustainable and balanced growth."

(Writing by Emily Kaiser; Editing by Edmund Klamann)

FILED UNDER:

Politics of Religion

REUTERS SHOWCASE

Fund Raising

Fund Raising

Flipkart raises $700 million in fresh funding.   Full Article 

Reforms Push

Reforms Push

Modi may order insurance, coal reforms if vote delayed - officials.  Full Article 

Reuters Exclusive

Reuters Exclusive

India looks to sway Americans with nuclear power insurance plan  Full Article 

To Boost Growth

To Boost Growth

Crank up public spending to revive growth - chief economic adviser.   Full Article 

Bold Steps

Bold Steps

SpiceJet rescue plan marks bold bet on Indian aviation recovery.   Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Online Sales

Online Sales

Knock knock. Who's there? Amazon's best-selling holiday author.  Full Article 

Chinese Economy

Chinese Economy

China revises up size of 2013 economy, sees no effect on 2014 growth.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage