IMF urges Europe to use "aggressive" monetary policy

The IMF trimmed its global growth forecast and urged European policy makers to use “aggressive” monetary policy.

16th April, 2013
The global economy will expand 3.3 per cent this year, said the IMF.

The International Monetary Fund trimmed its global growth forecast and urged European policy makers to use “aggressive” monetary policy as a second year of contraction leaves the euro area’s recovery lagging behind the rest of the world.

The global economy will expand 3.3 per cent this year, less than the 3.5 per cent forecast in January, after 3.2 per cent growth in 2012, the Washington-based fund said today, cutting its prediction...

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