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IMF urges G-20 to reinvigorate global growth

The global economy is likely to suffer from an extended period of “stubbornly weak growth” if the Group of 20 nations fail to back broad-based policies to reinvigorate growth and contain risk, the International Monetary Fund said in a report ahead of this weekend’s meeting of G-20 finance ministers in China. “Strong global growth will not return without decisive policy action,” according to the IMF.

Market News International (21 Jul.).