10/11/2012

IMF


Inational Monetary Fund (IMF) Managing Director Christine Lagarde said the global economic crisis began to hurt emerging economies.
Lagarde, leaders of the uncertainty surrounding the global economy makes it difficult to take precautions to ensure that growth, he said.
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Economy, Europe, European Union, IMF, Global Financial Crisis
Zayıfldığını the global economic recovery, the IMF said in a statement earlier this week.
The organization estimates global growth pulled down because of the ongoing crisis.
In addition to the IMF, the World Bank, Asia's leading economies like China and India's growth forecast for the pulled down.
Lagarde, in a press briefing in Tokyo, Europe, the United States or in many parts of the world dominated by uncertainty, investment and job creation policies, keeps them from decision-makers, he said.
Lagarde, "need to take action to remove the veil of uncertainty," he said.
Euro zone debt crisis and its impact on global economic growth is affecting many countries in the world.
The crisis has shaken consumer confidence in the region and hurt growth in the euro zone economies.
The crisis has already reduced the demand for Asian exports to the region.
Tokyo, who spoke before the joint meeting of the IMF and the World Bank's annual Lagarde, European leaders had taken steps to avoid the deterioration of the crisis, but do not expect a quick recovery, he said.
Lagarde stressed the importance of having established the European Stability Mechanism, the start of the legal process will take some time to process due to the fund, he said.

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