Opinion & Analysis
Exit strategies for recovery from the global recession
G20 leaders pose for a group photo at a Summit in Pennsylvania last year. The grouping has emerged as a key forum for the world’s major economies to discuss policy priorities. Photo/REUTERS
Posted Friday, March 12 2010 at 00:00
This will require shifting toward internal demand in economies with large and persistent current account surpluses and shifting toward external demand in economies with large and persistent current account deficits.
To achieve strong, sustainable, and balanced global growth will require collaborative policy efforts by both advanced and emerging economies.
The G-20 has asked the IMF to assist countries by developing an analysis of the consistency of individual country policy frameworks.
In this way, the world’s largest economies will be accountable to each other for adopting policies needed to ensure strong, stable and sustainable growth.
Portugal is the Deputy Managing Director, IMF.
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