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IMF sees prolonged anemic growth in euro zone, urges ECB stimulus
The euro zone economy faces rising risks stemming from trade tensions, Brexit and Italy, the International Monetary Fund said on Thursday in an annual report, where it also backed the European Central Bank’s (ECB) plans for fresh stimulus. In the report, its last on the euro zone before the Fund’s managing director Christine Lagarde leaves in November to head the ECB, the IMF said the bank’s plans to keep monetary policy accommodative were “vital” as the currency bloc faces “a prolonged period of anemic growth and inflation”. The report also said the euro remained slightly undervalued despite having ... (full story)