IMF Sees Acute Market Pressure for Some Emerging Economies
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Developed economies are turning into global growth engines as some of their emerging-market counterparts decelerate amid “acute” market pressures, the International Monetary Fund said.
“Global growth remains subdued but its underlying dynamics are changing,” the IMF said today in a report for leaders of the Group of 20 nations meeting this week in St. Petersburg, Russia. “Momentum is projected to come mainly from advanced economies, where output is expected to accelerate.”