The IMF today called on the world's largest economies to address stalling growth and productivity and worrisome current accounts imbalances, saying the global recovery is not guaranteed to continue.<br/>'<br/>In a report on the economic health of Group of 20 nations, the International Monetary Fund said group members had made substantial progress in spurring recovery after the Great Recession, with growth stabilising and unemployment falling.<br/>'<br/>According to the report, as potential growth rates in more than half of G20 economies were estimated at two percent or lower. Current accounts imbalances in the Britain and the United States, which run persistent trade deficits, could spur protectionism, it added.<br/>'<br/>The report said collective action by G20 members would promote the largest gains in GDP growth, adding about 3.5 percent to member countries' growth by 2028 under IMF forecasting models.<br/>'<br/><br/>The IMF and World Bank are due to convene annual meetings next week with member states, during which G20 representatives will also gather.<br/>'<br/>''''<br/>
News On AIR | October 7, 2017 2:17 AM
IMF calls on world's largest economies to address stalling growth, productivity