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IMF calls for G20 coordinated stimulus to keep global economy from stalling

2016-02-25 31 Dailymotion

The International Monetary Fund is urging the world’s richest countries to get their act together and quickly to stop the global economy from stalling. <br /><br /> For newly re-elected IMF head Christine Lagarde preventing a global growth crisis is a top priority. <br /><br /> The call for bold action to avoid a “derailed recovery” comes as senior officials from the Group of 20 biggest economies prepare to meet in Shanghai this week. <br /><br /> The IMF would like to see governments around the world to create new financing mechanisms to help some highly vulnerable emerging market and commodity exporting countries.<br /><br /> Senior IMF staff made the call amid falling equity markets, volatile currencies and signs of economic weakness throughout the world.<br /><br /> #G20 needs to take bold action to rejuvenate global growth. Read IMF G20 note. https://t.co/MqmX8KcXiz— IMF (@IMFNews) February 24, 2016<br /> <br /><br /> The Shanghai gathering is being compared to the G20 meeting in April 2009 when officials agreed on coordinated stimulus to pre

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