IMF Warns On Global Recovery |
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July 8, 2010
The risk of a slowdown in the global economic recovery has risen sharply, but governments should continue planning to tighten fiscal policy, the International Monetary Fund has said.
The risk of a slowdown in the global economic recovery has risen sharply, but governments should continue planning to tighten fiscal policy, the International Monetary Fund has said.
Updates to the IMF’s regular world economic outlook and assessment of global financial conditions, released on Thursday, said jitters in financial markets in May and June threatened confidence and growth worldwide.
“In the near term, the main risk is an escalation of financial stress and contagion, prompted by rising concern over sovereign risk,” the world economic outlook said.
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