IMF cautions about the vulnerability of the global economy

The IMF has called on the G20 group to map out a plan on how to salvage the weakening global economy. IMF made this report to the G20 finance ministers this week in Shangai during their meeting. It stated that the" increasing financial turbulence and falling assets prices" has brought about the weakening of the global economy and also lamented the slowdown in the economic growth rate of China's economy. The report showed that China's economy, the second biggest has been on the decrease for 25 years and is adversely affecting the global economy. It further stated the effect of falling commodity prices and signs of distresses from other large markets on the global economy.