Investing.com - International Monetary Fund Managing Director Christine Lagarde on Friday called on global economic leaders to take bold and sweeping action in concert to spur economic growth.
Lagarde, speaking at the Institute of International Finance's G20 conference in Shanghai, said a wide range of risks to the global economy remain, but that markets may be over reacting.
"Policymakers need to deliver steadily on commitments that they have made ... they should really enter into a mix of mutually reinforcing policies on both the demand side and the supply side," she said.
"To put it bluntly, they should go bold, they should go broad, and they should go together ... on an accelerated basis," she added.
She added however that all is not doom and gloom.
"We still see growth, slower than everybody would like it, which is the reason why we have revised our forecasts back in January,"