IMF Survey : Stay Focused on Policies for Jobs, Growth—Lagarde

IMF Survey : Stay Focused on Policies for Jobs, Growth—Lagarde

Rising risks of deflation
For the advanced economies, the outlook is subject to significant risks, Lagarde said. With inflation running below many central bank targets, there are rising risks of deflation, which could prove disastrous for the recovery. “If inflation is the genie, then deflation is the ogre that must be fought decisively,” Lagarde said.
She noted that, during the years of financial crisis, emerging markets had kept the global economy afloat. Together with the developing countries, they accounted for three-quarters of global growth over the past half decade.
But a growing number of emerging markets are slowing down as the economic cycle turns, and there are risks arising from financial market turbulence and the volatility of capital flows.

The Jobs Meme from the IMF is pure Political BS jargon for the true Believers. Besides WTF is the IMF in the business of Job creation? People create jobs, people who want to succeed in life and become entrepreneurs and have a Product people want to buy!