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Head of IMF Says Global Growth Too Weak

The head of the IMF, Christine Lagarde, said Wednesday that the global economic recovery is not moving fast enough. She blames the crisis in Ukraine, low Eurozone inflation, and emerging market volatility. While she says that the global economy has turned the corner from recession and is stable, she also says that growth is too weak for comfort. She fears that without countries banding together to take the right policy measures, we will be facing years of slow and sub-par growth.

She also said that the IMF had forecasted higher growth than the 3% experienced in 2013 and urged the European Central Bank to further loosen their monetary policy to fight low inflation levels that are the lowest since November 2009. Next week, the IMF will hold their annual spring meetings and present their revised outlook for the global economy. Until then, this is all.