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As CIGI’s Kevin Carmichael observed yesterday, the IMF’s message this year was there should be no more excuses, and that more forceful and comprehensive co-operation between countries was needed to meet economic challenges.
But, collectively, G20 countries aren't changing economic course quickly enough and there remains a disconnect between those who can spend (but won’t), and those who can’t. As a result, the low growth, high unemployment and mounting risk scenario will likely endure.