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Now is the time for fiscal and structural reforms, says IMF

Central banks today have less firepower with some seeking to exit crisis-mode stimulus

IMF managing director Christine Lagarde pushed for fiscal policy and structural reforms, a point IMF members supported. She stressed: "It's when the sun is shining that you need to fix the roof."


MEMBERS of the International Monetary Fund (IMF) gave lukewarm endorsement to a strengthening global economy, but conceded they were not out of the woods as they grappled with subdued inflation, low potential growth and an uneven recovery that clouded the outlook.


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