IMF: global imbalances continued and vulnerabilities rising - ANZ

Analysts at ANZ explained that ahead of the next G20 meeting in Hamburg, the IMF released a document titled “Global Prospects and Policy Challenges”.

Key Quotes:

"It noted that the global economic recovery “remains on track”, but imbalances continued and vulnerabilities were rising. It believes weak productivity growth and uneven distributions of economic gains will limit growth going forward, especially in advanced economies.

It also noted that while short- term risks have become more balanced, downside risks still dominate in the medium term. It, therefore, implored policymakers not to stand still, and “take tangible policy action to strengthen and sustain the recovery while ensuring that it is resilient, well-balanced, and more inclusive.”"