The possibility of a sharp global slowdown has eased due to recent policy measures adopted in the eurozone to tackle its debt crisis, the International Monetary Fund (IMF) said on Thursday, although it warned that risks to global growth remain "squarely to the downside." In a report to G20 finance ministers in Mexico last week, the IMF said the eurozone should act decisively on multiple fronts to successfully resolve its sovereign debt crisis. "The key risk remains that policies do not shift Europe toward a 'good equilibrium' and fail to break adverse feedback loops between real, fiscal, and financial sectors," the IMF said.
