WASHINGTON, D.C.: The global economy has picked up but bold action is needed to surmount serious dangers and deliver the benefits more evenly, International Monetary Fund (IMF) managing Director Christine Lagarde said on Thursday (Friday in Manila).

Lagarde said the Ukraine crisis, slower growth in emerging economies, the threat of deflation in the eurozone, financial sector vulnerabilities in the two leading economies and market turbulence generally are serious hurdles to extending the global recovery.

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