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IMF Paper, We Need Forceful Policies to Avoid the Low-Growth Trap

The IMF paper said the slow recovery had been made worse by the fact that what growth there had been “bypassed many low-income earners” and “raised anxiety about globalisation and worsened the political climate for reform”.

To escape sluggish growth and boost countries’ economies, 
the fund has been urging policymakers to more aggressively employ the three prongs of monetary policy, structural reform and fiscal measures.

FT 1 Sepember 2016

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