IMF: Italy makes more ambitious efforts – Economy

& # 39; & # 39; Although many advanced economies are planning fiscal consolidation, more ambitious efforts are sometimes needed. It is fundamental for Italy ". The IMF says that in a document for the G20. "For many G20 economies, now is the time for major fiscal consolidation: the window of opportunity to reduce debt is still open," he said.

"Margins have increased in some countries, including Italy, where public debt fears and policy slippages could trigger further negative market reactions." The IMF continues. & # 39; & # 39; Financial conditions in advanced economies are still accommodating, but they could suddenly worsen. This could increase pressure on emerging markets and heavily indebted economies (eg Italy). "Growth – warns the IMF – immisce in many advanced economies and" slowed more than expected in the euro zone, particularly in Italy and Germany ".

Current levels of G20 growth will be difficult to maintain ". He says it the IMF in a report prepared for the Buenos Aires Summit, which indicates that weak productivity growth is holding back the G20 economies. & # 39; & # 39; The destruction of global trade could further reduce productivity, "adds the IMF, highlighting how global imbalances seem destined to accentuate, thus increasing the possibility of a disorderly adjustment medium term. "Working together, politics can be risky," says the IMF, calling on G20 countries to support low-income developing countries.

Growth slows in many advanced economies and has "slowed more than expected in the eurozone, especially in Italy and Germany". & # 39; & # 39; The global expansion continues, but has become more uneven. Downside risks have increased, "he adds.

The global economy is at a "critical moment" between "the significant risks that materialize and the dark clouds on the horizon". In this context, the G20 countries must act "quickly and together": this is how the IMF's Managing Director, Christine Lagarde, inviting the 20 largest economies in the world to advance the reforms, from the product market to the labor market. Farle could lead to a 4% increase in G20 GDP.

Any Trump administration pricing on cars could result in a 0.75 percent reduction in global growth, the IMF says in the report sent to the G20.