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Protectionist spectre looms over IMF-World Bank meetings

Australian Treasurer Scott Morrison will attend the IMF-World Bank annual meetings that kick off today (Friday 7 October) in Washington. Should we expect 'big' outcomes from these meetings? On past form, no. The best we can hope is that finance ministers come away a little wiser and a little more determined to implement much needed domestic policy reforms. The lead-up to this year's IMF meetings has followed the well- trodden path of previous meetings: the IMF has warned the global economy is weak and fragile; it has lowered its forecasts for global growth; and IMF Managing Director Christine Lagarde has urged all countries to embrace policy reforms to lift growth.
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