On Friday, the fund said economic growth in the Asia-Pacific region slowed to 5.5 percent in January-June. That is well above the global average, but the lowest for the region since the financial crisis in 2008. The slowdown is largely because of sluggishness in Europe and the U.S. It also noted weakness in China and India, whose dynamism had helped counter weakness elsewhere."The global recovery is still too weak. Job prospects for untold millions are still too scarce, and the gap between the rich and the poor is still way too big," Lagarde said.
IMF, World Bank Chiefs Urge Focus On Fair Growth
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