AlQa'dah 27, 1433, Oct 13, 2012, SPA - The International Monetary Fund (IMF) said Saturday that economic growth has slowed and more steps are needed in the eurozone to contain the debt crisis, DPA reported. "Global growth has decelerated and substantial uncertainties and downside risks remain," the international monetary and financial committee said at the annual meetings of the IMF and World Bank in Tokyo. "We need to act decisively to break negative feedback loops and restore the global economy to a path of strong, sustainable and balanced growth," the IMF's steering committee said. "In the euro area, significant progress has been made," it said. "But further steps are necessary. We look forward to timely implementation of an effective banking and a stronger fiscal union to strengthen the monetary union's resilience, and structural reforms to boost growth and employment at the national level."
