Action needed to boost confidence in global economy, IMF says
By Lesley Wroughton and Krista Hughes WASHINGTON (Reuters) – Global finance officials on Saturday said monetary policy alone was not enough to restore confidence in the shaky global economy as they urged countries to take other steps to reinvigorate growth and create jobs. "We need to act decisively to nurture a sustainable recovery and restore the resilience of the global economy," the International Monetary Fund’s steering committee said at the conclusion of the world lender’s spring meeting. . . .
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