The rise of emerging economies, a stagnant Europe and the plight of the world's poor takes center stage as international and financial policy leaders meet in Washington.
While economic growth continues at a healthy pace in developing nations, advanced economies are facing a bumpy road to recovery, says IMF Chief Economist Olivier Blanchard.
"I think the main challenge is still very much, in Europe," said Blanchard. "The U.S. is doing better, emerging markets are doing fairly well, Europe is still the issue."
The IMF says ongoing debt problems in the region and the recent banking crisis in Cyprus are likely to keep the 17-nation eurozone in a mild recession until at least next year.
In contrast, China is forecast to grow eight percent this year with developing economies following close behind. Blanchard says that doesn't mean emerging economies are immune, especially those that depend on exports.
"The main challenge for them is to deal with what's happening in advanced countries," he said. "And what this means is fluctuations in trade, capital markets - very volatile, capital flows coming to them. They basically have to handle the capital flows, they have to maintain activity, avoid overheating.
1.uneven adj. 不均匀的；不平坦的；
The table wobbled on its uneven legs.
2.stagnant adj. 停滞的；不景气的；污浊的；迟钝的
Their national economy is stagnant.
3.plight n. 困境；境况；誓约
The leader was much concerned over the plight of the refugees.
4.bumpy adj. 颠簸的；崎岖不平的
The car bottomed too easily on the bumpy road.
5.ongoing adj. 不间断的，进行的；前进的
The problem is ongoing.
6.mild adj. 温和的；轻微的；淡味的；文雅的；不含有害物质的的
You might think her temper is as mild as milk, but she is not.
7.immune adj. 免疫的；免于……的，免除的
If stress affects immune responses, then it should also affect how well the body heals itself.
8.fluctuation n. 起伏，波动
The erratic fluctuation of market prices is in consequence of unstable economy.
9.volatile adj. [化学] 挥发性的；不稳定的；爆炸性的；反覆无常的
With the markets being so volatile, investments are at great risk.