International Monetary Fund's Economic Counsellor and Director of Research Department Olivier Blanchard, Deputy Director Jorg Decressin (L) and Division Chief Thomas Heibling (R) hold a news briefing on the World Economic Outlook (WEO), at the Tokyo International Forum in Tokyo October 9, 2012. REUTERS/International Monetary Fund/Stephen Jaffe/Handout
TOKYO (Reuters) - The IMF said the global economic slowdown is worsening as it cut its growth forecasts for the second time since April and warned U.S. and European policymakers that failure to fix their economic ills would prolong the slump.
Global growth in advanced economies is too weak to bring down unemployment and what little momentum exists is coming primarily from central banks, the International Monetary Fund said in its World Economic Outlook, released ahead of its twice-yearly meeting, which will be held in Tokyo later this week.
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