LIMA, Dhu-AlHijjah 24, 1436, Oct 8, 2015, SPA-- The International Monetary Fund (IMF) managing director Thursday urged global policymakers to support economic growth while also tackling financial risks stemming from the provision of easy money amid a “rapidly changing and uncertain world.” Christine Lagarde said at the IMF’s annual meeting in Peru that a recovery in the United States broadly was on track and a rise in American interest rates “is approaching” and would tighten global funding conditions. However, Lagarde said, the slowing economic activity in China and recent market volatility were having larger-than-expected spillovers across the global economy. Emerging economies, which have contributed the bulk of world growth in recent years, have been hit hard by a slump in commodity prices. “Policymakers are increasingly grappling with difficult policy trade-offs,” Lagarde said, calling for a careful mix of policies to support economic demand, while also tackling financial risks and reforming economies to deliver future growth. --SPA 18:30 LOCAL TIME 15:30 GMT www.spa.gov.sa/w
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