IMF calls on G20 to boost growth

    Updated: 2014-11-13 10:28

    (Xinhua)

    Comments Print Mail Large Medium Small

    WASHINGTON - An uneven and brittle global recovery highlighted the importance of the Group of 20 (G20) commitments to raise global growth, the International Monetary Fund (IMF) said in a report on Wednesday.

    Key developments since the October World Economic Outlook (WEO) report include a financial market correction, appreciably lower oil prices, and some further signs of weakness in activity.

    Sovereign bond yields in advanced economies, which had fallen since the spring, declined further in October. Equity prices, which trended up till late-September, have declined since, notably in emerging economies, where risk spreads have increased.

    The recent increase in financial market volatility is a reminder of potential risks and potential further corrections, the IMF said. Recent data releases also point to weak domestic demand in the euro area.

    Downside risks identified in the October WEO remain significant, the report noted. Heightened geopolitical tensions and potential corrections in financial markets are the main short-term risks. Other risks are low inflation and deflation in the euro area and low potential growth.

    To cope with the realities, advanced economies should keep accommodative monetary policies, given still large output gaps and very low inflation, the Fund said.

    "While monetary policy normalization will be coming to the forefront in the United States and the United Kingdom, accommodative monetary policy in the euro area and Japan should continue to fight low inflation," it said.

    To prevent premature monetary tightening, macro-prudential tools to mitigate financial stability risks - for example, in the housing market -should be the first line of defense, it said. Fiscal consolidation should continue to balance fiscal sustainability and growth within credible medium-term plans.

    In emerging economies, the focus of macroeconomic policies should remain on rebuilding buffers and addressing vulnerabilities, in preparation for an environment characterized by tighter external financing conditions and higher volatility.

    A higher priority should be placed on growth enhancing structural reforms across G20 economies. Some countries with protracted current account surpluses should focus on boosting domestic demand or modifying its composition, the IMF urged.

    "Further labor and product market reforms are needed in much of the euro area. In a number of euro area countries severely affected by the crisis and emerging economies with protracted current account deficits, there is a need for reforms which increase competitiveness, together with wage moderation," said the report.

    ...
    亚洲AV无码无限在线观看不卡| 久久久久成人精品无码| 亚洲Av无码乱码在线znlu| 熟妇人妻系列av无码一区二区| 精品无人区无码乱码毛片国产| 少妇性饥渴无码A区免费 | 久久中文字幕无码专区| 日韩免费a级毛片无码a∨| 无码人妻AV免费一区二区三区| 一二三四在线播放免费观看中文版视频| 亚洲Av无码乱码在线观看性色| 日韩精品无码一区二区三区免费| 亚洲va中文字幕无码| 无码中文人妻在线一区二区三区| 久久精品人妻中文系列| 国产精品无码DVD在线观看| 无码人妻一区二区三区在线| 最近的2019免费中文字幕| 最近2019免费中文字幕6| 日韩亚洲国产中文字幕欧美| 久久亚洲AV无码西西人体| av无码久久久久不卡免费网站| 亚洲AV无码一区二区二三区软件| 四虎影视无码永久免费| 五月丁香啪啪中文字幕| 国产中文字幕在线免费观看| 亚洲高清无码在线观看| 人妻丰满?V无码久久不卡| 潮喷无码正在播放| YY111111少妇无码理论片| 日韩精品无码中文字幕一区二区| 人妻精品久久无码专区精东影业| 亚洲精品无码久久久久久| 成在人线av无码免费高潮喷水| 中文字幕无码高清晰 | 97无码免费人妻超级碰碰夜夜| 日木av无码专区亚洲av毛片| 午夜人性色福利无码视频在线观看| 无码无套少妇毛多18PXXXX| 小13箩利洗澡无码视频网站 | 国产精品一级毛片无码视频|