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Date: 10/11/2014 21:38 clock
The International Monetary Fund (IMF) has called the global promotion of economic growth as a task of the “top priority”. There were serious risks to the global recovery, the IMF said in the final paper of the annual meeting of the IMF and World Bank in Washington. The growth should not be stifled by a too drastic austerity.
The aim is therefore to create an economy that is strong, sustainable and balanced and offer more jobs. It should be bold and ambitious measures are taken to stimulate demand new and correct economic bottlenecks, wrote the International Monetary Fund. Developed countries should with its monetary policy to support economic recovery and respond to the risks of continuing low inflation.
German Finance Minister Wolfgang Schaeuble warned to assess the development of the economy too negative. “There is no reason the world economy to speak in any crisis,” he said in Washington. The risks have increased. “It all agree: We need more sustainable growth,” said Schäuble. There was a consensus that structural reforms, a healthy financial system and sustainable public finances are necessary. Trust is the most important. Monetary policy can support the recovery, not replace structural reforms.
Bundesbank President Jens Weidmann said there was a contradiction between the discussions and published by the IMF latest economic forecasts. The recovery trend will not put fundamentally into question. The forecasts were only moderately revised downwards. While the German economy is weaker, but there was no burglary, Weidmann said
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