Global economy remains steady – IMF

WASHINGTON, D.C.: The International Monetary Fund (IMF) said on Tuesday (Wednesday in Manila) that the global economy remains tepid, with slowdowns in emerging markets offsetting progress in the Japanese and European economies.

While the plunge in oil prices has mostly been positive for world output growth, currency and capital market volatility, geopolitical crises and inadequate investment and reform for the future could hold the global economy back, the IMF warned.