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BREAKING NEWS

IMF issues forecasts and warnings, Greece takes a step out of the crisis

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IMF issues forecasts and warnings, Greece takes a step out of the crisis

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The International Monetary Fund has trimmed its growth forecast for the global economy, although it expects the recovery to strengthen mainly thanks to the most developed countries.

Speaking to euronews in the run-up to the Spring Meeting of the IMF and the World Bank, Christine Lagarde said the eurozone needs structural reforms, otherwise the area might fall into a “low growth trap”.

Greece, the region’s most troubled country has taken a significant step out of the crisis by returning to the international bond markets and investors piled in seeking the high interest rate that came with those bonds.

And on the corporate front we have news of another massive recall by Toyota.

That’s all in this edition of Business Weekly.