IMF warns short-sighted zero-sum policies that could harm global economy
ANBOUND
The G20 summit will be held in Hamburg, German. The International Monetary Fund (IMF) approves the global economic recovery trend in the past year, and at the same time it calls on countries around the world to take measures to reduce the current account imbalances, and avoid short-sighted zero-sum policies that would harm the trade. The IMF recommends that Germany and South Korea, with a large current account surplus, to adopt proactive fiscal policies to expand spending. Emerging markets should be wary of high corporate debt leverage, sluggish economic growth and US policy uncertainty. IMF believes that to avoid short-sighted zero-sum policies and the national protectionist tendencies, countries around the world should communicate and resolve differences under the framework of consensus.