IMF: Global Recession Averted But Growth Too Low, Structural Reforms Needed

• Global recession largely averted but growth still too low according to IMF forecasts • Structural reforms needed due to unsatisfactory medium-term global growth prospects • G20 finance ministers & central bank governors meeting in Washington DC this week • German finance minister & central bank president say IMF should refocus on core tasks • IMF spring meeting taking place in difficult times recently exacerbated by Iran attack on Israel