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IMF urges stronger growth efforts from G20 economies

Published on Feb 20, 2014 1:13 AM

WASHINGTON (AFP) - The IMF on Wednesday called for the Group of 20 to boost growth, warning of risks to the global economy, from deflation in Europe to high volatility in emerging economies.

The International Monetary Fund said advanced economies, which include most of the G20, are still leading a pickup in economic growth overall around the world.

But it said more coordinated work is needed to keep output expanding and boost demand, as the world economy still struggles to leave behind the financial crisis that began in 2008.

"The recovery has been disappointing, with G20 output still below longer-term trend," the IMF said in a report ahead of a meeting of G20 finance ministers and central bankers in Sydney beginning Saturday.

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