Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Thursday, November 22, 2018 05:51:59 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

IMF warns G20 to address risks to economic recovery

By AFP, Washington
07th-Jul-2017       
Comments
Share your thought
Post a comment »
Read all () »


The global economy is strengthening but the International Monetary Fund warned on Wednesday that leaders of the Group of 20 must take action to deal with risks that remain a threat to growth.
Ahead of the G20 leaders summit this weekend in Hamburg, IMF Managing Director Christine Lagarde said the mood is upbeat given the now one-year-old recovery.
However, "it should be cautious optimism that prevails-policy efforts are still needed to strengthen the recovery and build more inclusive economies," Lagarde said in a blog post.
In her comments on the report the IMF prepared for the G20, Lagarde urged action to address issues such as high corporate debt in emerging market economies, especially China, low productivity growth, and US policy uncertainty.
"Left alone, this constellation of concerns could be a recipe for sudden financial distress, when the world's economies also continue to struggle with several longer-term problems," she said.
Adding to concerns about aging populations and growing economic inequality, these "challenges put a ceiling on potential growth, making it harder to raise incomes and living standards."
The IMF "Surveillance Note" said while the risks to the global economy in the short term are more balanced, "downside risks still dominate in the medium term."
"There is no time for standing still," the IMF said. "Policymakers will have to take tangible policy action to strengthen and sustain the recovery while ensuring that it is resilient, well-balanced, and more inclusive."

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Smart schools to make education easier


FOR the first time in the country, the government on November 15 introduced the 'Smart School' at Pirpur village of Alokdia Union Parishad in Chuadanga Sadar Upazila spending Tk 5 lakh. The Smart School concept is comparatively a new idea in our country. But in the developed countries it is ...

City »

Jatiya Party Chairman Hussain Muhammad Ershad taking interview of the nomination seekers of the party for the eleventh parliamentary elections at its office in the city's Banani on Tuesday.


.

Entertainment »

#MeToo: Preity Zinta apologises for hurting sentiments


Preity Zinta has apologised for her views on the #MeToo movement during an interview with a Bollywood website. In a statement issued on Tuesday, the actor claimed that despite being a supporter of the movement, her comment was taken out of context."My reason for saying 'I wish something like this ...

International »

British PM`s N Irish allies up pressure over Brexit


AFP, London :British Prime Minister Theresa May gathers her new-look cabinet Tuesday, facing some relief from party plotting over Brexit but under fresh pressure from her Northern Irish allies.The Conservative leader holds her first cabinet meeting since two ministers quit last week over the divorce deal with the European Union, ...

Football »

Northern Ireland's Corry Evans (left) goes on to score against Austria during the UEFA Nations League soccer match between Northern Ireland and Austria at Windsor Park in Belfast on Sunday.


International »

HK democracy leaders pleaded not guilty in Umbrella movement trial


AFP :Three leading Hong Kong democracy campaigners pleaded not guilty on Monday to public nuisance charges over their involvement in massive rallies calling for political reform, as room for opposition in the semi-autonomous city shrinks under an assertive China.The pioneering trio are among nine activists all facing public nuisance charges ...

Editorial »

Four killed in Narsingdi: Who will take responsibility?


FOUR people were killed and 50 others injured in two separate clashes between two factions of locals in Raipura upazila of Narsingdi on Friday last. Of the dead Tofayel Rana -- an SSC examinee from Bashgari High School -- and three others Morom, Sohrab and Swapan were killed in gun ...

City »

Prime Minister's Security Affairs Adviser Major General (Retd) Tarique Ahmed Siddique and Chief of Naval Staff Admiral Nizamuddin Ahmed pose for a photo session with the participants of a seminar on ‘Maritime Good Governance towards Sustainable Development’ at Hotel Radisson Blu in the city on Monday.


Entertainment »

Mehazabien changes one`s life


Sheikh Arif Bulbon :Mehazabien Chowdhury has already established herself in the field of acting that directors always want to keep in engage with works. If Mehazabien likes story and character she always tries to work. After Mizanur Rahman Aryan’s Boro Chhele, Mehazabien became more selective in the selection of story ...

City »

Bangladesh Army Chief Aziz Ahmed inspcting parade on occasion of endorsing regimental colour to Adhoc 11 Bangladesh Infantry Regiment (Machanised ) at CMP Center and School Parade Ground in Savar Cantonment yesterday.


Cricket »

BCB President Nazmul Hassan assumes rotating ACC Presidency


President of Bangladesh Cricket Board (BCB) Nazmul Hassan Papon MP assumed the post of Asian Cricket Council (ACC) President for a two- year term at its Annual General Meeting held in the Pakistani city of Lahore on Saturday.Nazmul Hassan Papon is the 3rd ACC President from Bangladesh following in the ...

Cricket »

England win second Test against Sri Lanka to seal series


AFP, Kandy :Jack Leach's first five-wicket haul clinched an overwhelming win for England in the second Test against Sri Lanka on Sunday that sealed the series with a match to go.England needed just 30 minutes on the fifth day to take the final three wickets with Leach fittingly getting last ...

Editorial »

US-China trade war : An opportunity for BD to expand businesses and attract FDI


THE ongoing trade war between the US and China has created a better opportunity for Bangladesh, especially for garment sectors. The exporters have been receiving a greater number of work orders from both China and the US. The current trade war has opened an opportune moment for us (Bangladesh) as ...

International »

Sri Lankan President seeks talks to end power struggle


AFP, Colombo :Sri Lanka's President Maithripala Sirisena on Sunday called crucial talks with political leaders in a bid to end a power struggle with the prime minister he sacked last month.The Indian Ocean nation has been paralysed since October 26 when Sirisena deposed Ranil Wickremesinghe as premier and replaced him ...

International »

No ‘final conclusion’ on Khashoggi killing, say US


AFP, Washington  :The US government has not reached a final conclusion over the killing of Jamal Khashoggi, the State Department said Saturday following reports that the CIA had held the Saudi Crown Prince responsible."Recent reports indicating that the US government has made a final conclusion are inaccurate," State Department spokeswoman ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news