In a statement released on the eve of the ministerial-level “Spring Meetings” of the IMF and World Bank (Washington 15-17 April), the ITUC and its Global Unions partner organisations are calling on the international financial institutions (IFIs) to take actions that support recovery of the world economy through public investments in physical and social infrastructure, including the care economy, and through wage increases.
Photo: IMF
The IMF’s release on Tuesday of further downward revisions of its global economic growth forecasts confirms the trend of a dangerous downward spiral of falling growth rates, and even deflation in some regions, that Global Unions’ statement to the IFIs identifies.Read the full article at http://www.ituc-csi.org/global-unions-ifis-should-act-to