IMF presses advanced economies to build confidence | Bangkok Post: news

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IMF presses advanced economies to build confidence

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The International Monetary Fund urged leading powers to step up growth and reforms to generate jobs, warning that confidence in the global economy was in short supply. 

International Monetary Fund (IMF) Managing Director Christine Lagarde arrives at the International Monetary and Financial Committee (IMFC) meeting in Washington, DC on April 20, 2013. The IMF will monitor potential negative effects spilling over from massive central bank stimulus in advanced economies, Lagarde said.

They also warned emerging and smaller economies to shore up their financial defenses in anticipation of turbulence as leading economies charge up growth with extraordinary monetary stimulus and low interest rates.

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