Editor in Chief: Moh. Reza Huwaida Wednesday, December 13th, 2017

IMF Urges G20 to Ensure Sustainable Growth Amid Faster Recovery

IMF Urges G20 to Ensure Sustainable Growth Amid Faster Recovery

WASHINGTON - The International Monetary Fund (IMF) on Friday urged G20 to continue implementing reforms in order to rebalance their economies and ensure the sustainability of growth.
“After a slow recovery, growth has strengthened and output gaps are expected to close in about half of the G20 by 2018,” said the IMF in a G20 surveillance note which was prepared for the IMF/World Bank annual meetings next week.
“Growth is stronger, but there remain pockets of concern,” the IMF added. Many advanced economies continued to see insufficient demand and below-target inflation; some emerging economies are facing challenges from low commodity prices.
In both advanced and emerging economies, slow expansion of potential output and stalling productivity growth are threatening the sustainability of higher growth, said the IMF. The rising public and private debt and stalled external rebalancing also indicated that imbalances remained in G20 economies, the IMF added.“The current growth momentum is an opportunity to implement these policies and sustain the recovery,” said the IMF. (Xinhua)