{"id":114945,"date":"2016-02-25T22:10:25","date_gmt":"2016-02-25T22:10:25","guid":{"rendered":"http:\/\/151.106.38.4\/2016\/02\/25\/imf-warns-g20-that-world-economy-highly-vulnerable\/"},"modified":"2016-02-25T22:10:25","modified_gmt":"2016-02-25T22:10:25","slug":"imf-warns-g20-that-world-economy-highly-vulnerable","status":"publish","type":"post","link":"https:\/\/nagalandpost.net\/index.php\/2016\/02\/25\/imf-warns-g20-that-world-economy-highly-vulnerable\/","title":{"rendered":"IMF warns G20 that world economy \u2018highly vulnerable\u2019"},"content":{"rendered":"<p><img src=\/old_site\/><\/p>\n<div>The International Monetary Fund has warned that the world economy is \u201chighly vulnerable\u201d and called for new mechanisms to protect the most vulnerable countries.<\/div>\n<div>In a report on economic challenges ahead of the Shanghai meeting of finance chiefs of the powerful Group of 20 economies, the global crisis lender on Wednesday said world growth had slowed and could be derailed by market turbulence, the oil price crash and geopolitical conflicts.<\/div>\n<div>\u201cThe global recovery has weakened further amid increasing financial turbulence and falling asset prices,\u201d the IMF said.<\/div>\n<div>\u201cStrong policy responses both at national and multilateral levels are needed to contain risks and propel the global economy to a more prosperous path.\u201d<\/div>\n<div>The report, to be presented to the finance ministers and central bank chiefs of the G20 leading economies meeting in Shanghai on Friday and Saturday, said the Fund expects to lower its forecast for world growth in 2016, barely six weeks after making its most recent estimate of 3.4 per cent.<\/div>\n<div>\u201cGlobal activity has slowed unexpectedly at the end of 2015, and it has weakened further in early 2016 amid falling asset prices,\u201d the report said.<\/div>\n<div>How countries should react to the threats to growth will be the main agenda in the Shanghai talks. The IMF is urging countries to boost fiscal stimulus and to push through reforms in order to increase demand.<\/div>\n<div>It said central banks, including the US Federal Reserve, need to keep monetary policy accommodative to be sure tighter financial conditions do not stifle growth momentum.<\/div>\n<div>However, the Fund stressed, \u201cto avoid over-reliance on monetary policy, near-term fiscal policy should support the recovery where appropriate and provided there is fiscal space, focusing on investment.\u201d<\/div>\n<div>Besides the shocks to the world economy from China\u2019s slowdown and the crash in commodity prices, the IMF said geopolitical issues like the Syrian refugee crisis and the rising infections in Latin America from the Zika virus pose economic threats.<\/div>\n<div>For countries shouldering the biggest burden of those crises, and countries otherwise fit but left vulnerable by the commodities downturn, the IMF said the world\u2019s financial safety net \u2014 which includes the Fund\u2019s own programs \u2014 could be enhanced.<\/div>\n<div>Without any specifics, it called for new financing mechanisms to help countries in financial turmoil.<\/div>\n<div>\u201cMany countries at the center of such shocks are shouldering a burden for others, with often limited capacity and fiscal space,\u201d the report said.<\/div>\n<div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The International Monetary Fund has warned that the world economy is \u201chighly vulnerable\u201d and called for new mechanisms to protect the most vulnerable countries. In a report on economic challenges ahead of the Shanghai meeting of finance chiefs of the powerful Group of 20 economies, the global crisis lender on Wednesday said world growth had [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-114945","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/114945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=114945"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/114945\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=114945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=114945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=114945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}