The International Monetary Fund (IMF) is optimistic on the outlook for global growth but warned darker clouds are looming due to fading fiscal stimulus and rising interest rates. The top priorities for the global economy are to steer clear of protectionism, guard against financial risk and foster long-term growth. The best way to tackle global imbalances is to use fiscal tools or structural reforms. Economies needed to reduce government deficits, strengthen fiscal frameworks and place public debt on a gradual downward path.

(The Hindu)