IMF says more action is needed to avoid protracted decline in Eurozone
Jul 31st, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The International Monetary Fund says in areport issued on Thursday, that the Eurozone economy remains in recession. Although there are tentative signs of improvement, the outlook is still uncertain. The IMF says more action is needed to support the recovery and a return to self-sustaining growth, and to address cross-border spillovers within the European Union (EU).