Volatility will continue to fall - IMF
Output volatility is likely to fall in the years ahead, according to the latest edition of the International Monetary Fund's (IMF) World Economic Outlook.
The IMF said that output volatility in most countries and regions had fallen significantly since 2004 and that this fall was likely to continue because of monetary and fiscal policy had improved. But, the Fund warned that global recessions could still occur: "The abrupt end to the period of strong and stable growth in the 1960s and early 1970s
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