IMF tells Eurozone: Learn how to hire and fire

first_img whatsapp Tags: NULL Monday 27 July 2015 9:24 pm Show Comments ▼ Share The International Monetary Fund (IMF) has issued a stark warning to Eurozone leaders, saying the economy is at risk of tipping back into stagnation unless it gets on with reforms to promote competition and make hiring and firing easier.“A moderate shock to confidence—whether from lower expected future growth or heightened geopolitical tensions —could tip the block into prolonged stagnation,” Mahmood Pradhan, the IMF’s mission chief for the Eurozone, said yesterday.The IMF, led by Christine Lagarde, expects the Eurozone economy to grow by 1.5 per cent this year and 1.7 per cent next year, but said high youth unemployment and excessive levels of corporate debt clouded the outlook for growth over the next five years.The bailout provider believes that medium term potential growth is only around one per cent a year, which it said is well below what is needed to cut unemployment to acceptable levels.If reforms are not undertaken, the IMF says, then the Eurozone’s nascent recovery is at risk of turning back into a stagnation. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapWatch President Biden Do Battle With a Cicada: ‘It Got Me’ (Video)The WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap Express KCS whatsapp IMF tells Eurozone: Learn how to hire and fire last_img read more

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