The International Monetary Fund on Wednesday warned of downside risks to its growth projections for the eurozone, and it urged the European Central Bank to act if prices in the currency bloc continue to drift lower.
The IMF’s warning echoes an increasing fear among global policymakers that Europe is not on track to spur economic growth, something that should be a key topic for discussion when leaders of the Group of 20 economies meet in Australia this week.
The IMF, the Washington-based lending institution charged with policing global economic and financial stability, in October predicted the eurozone would expand 0.8 percent this …read more
Source: Voice of America
