WASHINGTON - IMF chief Christine Lagarde called strongly Thursday for action around the world to revive growth and tackle inequality, singling out Germany, Canada and South Korea to provide stimulus. The IMF this week forecast "subdued" global growth of 3.1 percent in 2016, rising to 3.4 percent next year, with the developing world expected to outpace advanced economies. said Lagarde. Lagarde pointed to three leading economies as examples of states that have the financial wherewithal to spend more to accelerate growth. "We are certainly including in that category countries like Canada, like Germany, like Korea."

Source: Bangkok Post October 06, 2016 14:15 UTC