Steven Mnuchin

Improving world economy still needs help from low rates

The world economy is the healthiest it's been in years but could still use a little help from low-interest rates and higher government spending from countries that can afford it, the International Monetary Fund says.

"There was a strong consensus that the global outlook is strengthening," said Agustin Carstens, governor of the Bank of Mexico and outgoing chair of the IMF's policy committee. "This does not mean we are declaring victory just yet."

The 189-member IMF and its sister agency, the World Bank, wrapped up three days of meetings Saturday.

The IMF expects the global economy to grow 3.6 percent this year, up from 3.2 percent in 2016. And...

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