IMF warns of international risk


(MENAFN) Member countries of the International Monetary Fund have enjoyed the global growth in economic activity, but warned that the recovery was still not done, given low inflation and geopolitical risks.

The IM and Financial Committee's communique said global growth outlooks were getting stronger due to an improvement in investment, trade and factory production.

It said: "But the recovery is not yet complete, with inflation below target in most advanced economies, and potential growth remains weak in many countries."

The communique repeated the member countries' pledge to avoid competitive currency devaluations.


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