IMF, World Bank chiefs urge focus on fair growth

Balancing debt reduction and growth encouragement is the central puzzle facing policymakers as the world economy slows further, even in dynamic Asia, IMF chief Christine Lagarde told finance leaders at the IMF and World Bank annual meeting in Tokyo.
By ELAINE KURTENBACH Published: October 13, 2012
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Countries should not sacrifice growth for the sake of austerity, the head of the International Monetary Fund told global financial leaders Friday, urging that government debt reduction be tempered by spending to help get the unemployed back to work.

Balancing those...

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