IMF calls for joint action to prevent a global economic collapse

03/10/2016 - 21:58

Economy News / Agencies ...

Renewed his call for the International Monetary Fund on Tuesday, to take joint action to prevent a global economic collapse, warning of the dangers of misguided policies. Deputy IMF Managing Director David Lipton said there Raya "serious", which is that policy-makers around the world have exhausted options to support the economy or have lost the will to do so. He felt "to face it on the leaders to increase their efforts, including the provision of financial and monetary stimulus, and the application needed to support growth and structural reforms." Lipton said in a conference held by the National Association for Business Economics said that "politics Financial government spending and reduce Aldharaib- must Ihtla the most important policies in place." He added that the burden of increased growth rests on the advanced economies that have the financial room to maneuver. He stressed that "the risks are clearly more than the former, and became a joint action stronger the more necessary." He said that recent expectations regarding the Fund's growth "may no longer be viable," amid the withdrawal of capital from emerging economies and the sharp downturn in global trade. He continued that "In addition, the risks are increasing dramatically so that the volatile financial markets and lower commodity prices raises fresh concerns about the health of the global economy." He said Lipton, the decline and volatility in global stock markets is a reaction to fears that policymakers may have exhausted their options or perhaps lost their will. He stressed that "for the global economy has become mandatory for developed and developing countries to dispel this dangerous idea through to revive the spirit of bold action and cooperation that characterized the first years of the recovery efforts." He warned countries of trade protectionism and resorting to weaken the currency to strengthen growth, saying that these methods "will make the weaker countries in the long run."