From Spring Meetings - 2015- of World Bank/ IMF and relevant information

• The global economy is growing slightly faster than in 2014, although growth rates vary widely among countries.
• Risks are from potential financial market volatility, movements in exchange rates and oil and other commodity prices, and sluggish global trade.
• While some middle-income countries (MICs) are experiencing easing of growth, low-income countries, as a group, continue to record good growth rates.
• In aggregate, cheaper oil and commodities will result in a significant real income shift from oil exporters to oil importers, with a net positive effect on growth in developing countries.  
• IMF states that policymakers were encouraged to implement bold measures to prevent growth from settling into a “new mediocre,” with unacceptably low job creation and inclusion. While accommodative policies remained essential, addressing structural deficiencies needed to become a much higher priority.

Area	Fall 2014 Policy Agenda	Spring  2015 Policy Agenda
Euro Area	Provide demand support Invigorate labor and product markets	Provide effective demand support -Implement labor and product market reforms
United States	Safeguard financial stability Tackle infrastructure gaps	Ensure smooth monetary normalization- Establish medium-term fiscal consolidation plan
Japan	Improve product and labor markets Address fiscal sustainability concerns	Implement fiscal and structural reforms- Enhance monetary policy transmission
China	Foster demand rebalancing Rein in shadow banking	Manage demand rebalancing- Address vulnerabilities in overinvested sectors
Emerging Market Economies	Tackle structural deficiencies Strengthen macro frameworks	Address external vulnerabilities- Lift potential growth
Low Income Developing Countries	Mobilize fiscal revenues Deepen financial markets	Strengthen policy frameworks - Rebuild fiscal and external buffers

 Without any ris or responsility