- sees 2014 growth between 7-7.5%
- global economic activity should accelerate in 2015
- impact of central banks’ accommodative policies on demand has its limits
- countries must act to help growth as long as their debt would still be sustainable
- the IMF’s update of its global economic outlook, expected later this month, will be slightly different from the forecasts published in April
IMF MD Christine Lagarde in a speech made in France earlier today
Global activity is picking up but the momentum could be less strong than we had expected because potential growth is weaker and investment … remains subdued
Despite the many responses to the crisis … recovery is modest, laborious, fragile, and measures to boost demand, despite the goodwill of central banks, will find their limits
We must therefore take steps to boost efforts to strengthen growth.This is the opportunity in a number of countries to relaunch investment, without threatening the viability of public finances.
Reuters carries more here
