– “The moderate Recovery in the euro area is expected to continue in 2015-2016, supported by lower oil prices, monetary easing and the depreciation of the euro. ” This was stated in a document prepared for the G20 IMF , that “growth accelerates in Germany, France, Italy and especially Spain.” While the global economic recovery remains “moderate” with downside risks, including, continues, the transition of China.
“Global growth remains moderate,” with the downside risks prospects increased, says the IMF in the document prepared for the G20 finance ministers to be held on 4 and 5 September in Ankara. Weighing is the further slowdown in emerging economies and the weak recovery in advanced economies. “In a context of increasing financial volatility, declining commodity prices and the depreciation of the currencies of emerging economies, have increased the risks to the Outlook”.
“It ‘requires a strong action to increase growth and mitigating risks “highlights the IMF. Structural reforms and fiscal policies to support growth are important in advanced economies. “The reforms of the labor market in advanced economies struggling with an aging population should focus on increasing the labor market participation. Actions to increase the demand for labor and to remove barriers to employment are necessary in the economies of the euro area” .
“In the United States, growth is expected to accelerate in the second half of the year. In the euro area the moderate recovery is expected to continue in 2015-2016. The prospects of Greece are difficult after the prolonged period of uncertainty at the beginning of the year. ” “The emerging economies must find an appropriate balance between enhancing the growth and vulnerability management.”
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