IMF: Global economy gains momentum

The global economic recovery is gaining momentum as businesses ramp up production, though policy makers must guard against imposing new trade barriers, the Managing Director, International Monetary Fund(IMF), Christine Lagarde, has said. “The good news is that, after six years of disappointing growth, the world economy is gaining momentum as a cyclical recovery holds out the promise of more jobs, higher incomes and greater prosperity,” Lagarde said yesterday in a speech in Brussels ahead of the fund’s annual spring meetings next week in Washington. “But just as we see this…

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