IMF urges G20 advanced economies to keep up monetary, fiscal support amid lackluster demand, low inflation

In a report to G20 leaders' summit, IMF urged G20 advanced economies to keep up monetary, fiscal support amid lackluster demand, low inflation.

Key quotes (via Reuters):

• Global economic recovery on track, with some changes in its composition
• Short-term risks have become 'more balanced' although risks still dominate medium-term outlook
• Policy uncertainty, financial sector weakness, sudden tightening in global financial conditions are risks to outlook05-jul-2017 06:00:00 pm
• IMF urges G20 countries to avoid 'myopic pursuit of zero-sum policies,' says rules-based and open trading system vital for world prosperity
• World economy works better when policymakers have regular dialogue, work within agreed mechanisms to resolve differences