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IMF says global growth has decelerated

Source : REUTERS
Last Updated: Sat, Oct 13, 2012 11:05 hrs
International Monetary Fund's Managing Director Christine Lagarde speaks at the International Monetary and Financial Committee (IMFC) at the Imperial Hotel Toyko

Global economic growth has decelerated and advanced economies need to step up the pace of policy reforms to rebuild confidence, the International Monetary Fund's steering committee said on Saturday.

"Global growth has decelerated and substantial uncertainties and downside risks remain," the IMF's steering committee said in its communique.

"We need to act decisively to break negative feedback loops and restore the global economy to a path of strong, sustainable and balanced growth."

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