The world's economy is growing at a slightly slower pace than the IMF's initial forecasts in January. But top financial officials gathered in Washington for the annual Spring meetings - face a less threatening economic landscape, says IMF Managing Director Christine Lagarde.
"Looking behind the numbers, we believe we have avoided the worst, and the economic world no longer looks quite as dangerous as it did," she said.
But Lagarde added that the pick-up in financial conditions in the US, Europe and Japan has yet to translate into a sustainable recovery.
"On the euro area, policy makers have accomplished a great deal over a short period of time. The priority now is to fix frayed banking systems, press ahead with a banking union. In Japan, which as I said is, has a space of its own, the recently announced framework of ambitious monetary easing, is, from our point of view, a positive step. But it is not enough," she said.
On Friday, finance ministers from 20 of the world's biggest economies endorsed Japan's efforts to boost its stagnant economy.But the stimulus package enacted by Japan's leaders also lowers the value of the yen - giving Japanese-made products a price advantage in world markets. In an official communique, G20 nations said they will monitor the effects of Japans's policies and take corrective action as needed.
1.uneven adj. 不均匀的；不平坦的；
The table wobbled on its uneven legs.
2.initial adj. 最初的；字首的
After initial logarithmic progress growth plateaued sharply.
3.fray vt. 使磨损；变得令人紧张、急躁
Her washing machine tends to fray edges on intricate designs.
4.stagnant adj. 停滞的；不景气的；污浊的；迟钝的
Their national economy is stagnant.
5.communique n. 公报，官报
We disagree to the communique.