Thumbs up, but....

“Cyclical Upswing, Structural Change” is the title of the latest IMF World Economic Outlook (April 2018).
And that captures it: the macro picture looks benign (a “thumbs up”), but the IMF warning that structural reform needs to continue and vigorously implemented is as strong as ever (the school master’s last warning).

For the complete article by Bart Le Blanc, please see the attachment.

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