IMF calls for quick, effective action to buoy growth

Global finance chiefs called for quick and effective action yesterday to safeguard faltering economic growth.

They also urged emerging economies to adapt their policies to help counter slowing growth in Europe and the US. In an encouraging sign, Chinese exports last month rose 9.9 per cent year on year to a record monthly high.

But analysts warned the increase, the biggest in three months, was unsustainable.

via Business feed http://www.scmp.com/business/economy/article/1060631/imf-calls-quick-effective-action-buoy-growth