Washington-based organisation said policy reforms and investment are the only means of raising growth to pre-crisis levelsThe International Monetary Fund has warned that the world’s major economies risk a long period of low growth unless governments do more to overcome the after-effects of the financial crisis and the longer term problem of ageing populations.The Washington-based organisation, best known acting as lender of last resort to Greece, Ireland and Portugal, said without a switch to policies that spur growth, governments would struggle to shift excessive debts and bring down long-term unemployment. Continue reading...
 |
| READ THE ORIGINAL POST AT www.theguardian.com |