IMF Says Public Debt, Fragile Banks Pose Risks to Growth
This article is for subscribers only.
High unemployment, public debt and fragile banking systems pose risks to global prosperity, the International Monetary Fund said, urging policy makers to take bolder steps to assure a sustained recovery.
The world economy will expand 4.2 percent next year, the Washington-based IMF said in a report, down from its forecast of 4.3 percent three months ago. The fund projects growth of 4.8 percent this year, up from 4.6 percent.