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

Washington

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.

With central banks left with less firepower and some seeking to exit crisis-mode stimulus measures, the IMF members also renewed calls for fiscal policy and structural reforms to carry more of the burden in solidifying the recovery, now that the worst days of the economic storm had passed.