IMF: Global economy in need of ‘forceful action’ to get out of low growth – Danske Bank

Research Team at Danske Bank, notes that ahead of this weekend’s G20 meeting in China, the IMF has warned leaders that the global economy is in need of ‘forceful action’ to get out of the low growth.

Key Quotes

“The IMF report highlights a weaker-than-expected US economy, shakier growth in emerging markets and the UK heading for a sharp slowdown after the vote to leave the EU. According to Christine Lagarde, ‘the political pendulum threatens to swing against economic openness, and without forceful policy actions, the world could suffer from disappointing growth for a long time’. The IMF again argues that policy makers should more aggressively employ monetary policy, structural reforms and fiscal measures.”