World finance leaders issue sober assessment

April 20, 2013 • Business

Japan’s Finance Minister Taro Aso, right, talks to World Bank President Jim Yong Kim before the International Monetary Fund (IMF) family photo during the World Bank IMF Spring Meetings in Washington Saturday, April 20, 2013. (AP Photo/Molly Riley)

WASHINGTON (AP) — World finance leaders issued a somber assessment on Saturday of the global economy, saying the recovery remains uneven with growth and jobs in short supply.

The steering committee for the 188-nation International Monetary Fund issued a final communique that called for decisive action to bolster growth. However, the major economies remained at odds over the best mix of policies to pursue.

“An uneven recovery is emerging but growth and job creation are still too weak. New risks are arising while several old risks remain,” the IMF group said.

“The commodity that is in shorter supply now is confidence,” Tharman Shanmugaratnam, the chairman of the IMF panel and Singapore’s finance minister, told reporters. Login to read more

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