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Global economy still fraught with uncertainty: IMF chief
Tuesday September 25, 2012 01:18:12 PM,
IANS
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Washington: The global
economy is still fraught with uncertainty and still far from where
it needs to be, Christine Lagarde, managing director of the
International Monetary Fund (IMF), said here.
"We continue to project a gradual recovery, but global growth will
likely be a bit weaker than we had anticipated even in July, and
our forecast has trended downward over the last 12 months,"
Lagarde said Monday at an event hosted by the Peterson Institute
for International Economics, a Washington-based think tank.
"A number of factors are weighing the global economy down. At the
center of them all is the element of uncertainty; uncertainty
about whether policymakers can and will deliver on their
promises," Xinhua quoted her as saying.
The global economic growth was confronted with a number of
challenges including the ongoing eurozone debt crisis, a tepid
recovery in the US, the economic slowdown in emerging markets, and
concerns in low-income countries about rising food prices and
volatile commodity prices, added the IMF chief.
The global economic recovery hinges on delivering on the policy
commitments that have been made, she stressed.
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