Economic

IMF warns world about ‘dangerous’ phase of decline

“The world economy has entered a “dangerous new phase” of declining growth that will require policymakers to take action, the chief economist of the International Monetary Fund (IMF) warned Tuesday.

“Global activity has weakened and become more uneven, confidence has fallen sharply recently, and downside risks are growing,” said in the report, which was released prior to the IMF’s annual meetings this week.”

Source: IMF warns world about ‘dangerous’ phase of decline – Washington Times

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