OECD to G-20: No easy way out of global economic slowdown
'Monetary, fiscal and structural policies' are needed to spur demand
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Tokyo
THERE are no quick fixes for the slowdown in the global economy, and policymakers in both advanced and emerging economies will need to deploy a broad range of reforms to get growth going again, the Organisation for Economic Cooperation and Development (OECD) warned on Friday.
The Paris-based agency spelled out the changes needed in a lengthy report presented jointly by OECD secretary-general Angel Gurria and China's finance minister Lou Jiwei as the two-day Group of 20 (G-20) meeting of finance ministers and central bank governors opened on Friday in Shanghai.
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