IMF warns of high risk threatening the global economy

IMF warns of high risk threatening the global economy

Thursday, June 21, 2012 15:03

Follow-up Baghdadiya News / .. International Monetary Fund warned that the global economy is exposed to significant risks arising from the European debt crisis and excessive fiscal austerity in some rich countries, and urged collective action to reduce unemployment.

In a comprehensive report submitted to the Group of Twenty Monetary Fund said that “global growth weakens as it seems, and referred in particular to the crisis in the euro area remains the largest direct threat to financial stability.”
He predicted the risk of excessive fiscal austerity in the United States and a few advanced economies the year, the report said, “Therefore, to achieve a permanent and immediate exit from the crisis of the euro area, and also to avoid a financial cliff in the United States is not necessary Ntash universal constant.”
The report added: “Wanted to give more attention to address the high unemployment are intractable in the short term in the advanced economies, while taking further steps to ensure the stability of public finances over time.” / Finished / agencies.
Source: albaghdadianews