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Sunday, 17 April 2016 - 8:45
Economic slump worries as IMF, World Bank pledge action
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World finance ministers pledged to boost growth yesterday, at IMF and World Bank Spring Meetings tainted by lingering worries about the dragging global economy and hints of discord.

Pounding home the message that each country needs to take action to ramp up growth, and following another week of relative calm in financial markets, the IMF leadership said they were "positive" about the outlook, even as they warned of high risks.

The IMF began the week announcing it had slashed its outlook for global growth this year to a low 3.2 per cent.

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