01986cas a2200241 a 4500 AALejournalIMF020104 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498336666 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Statement by the Managing Director to the International Monetary and Financial Committee on the Global Economy and Financial Markets. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (6 pages) Policy Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The recovery remains fragile and uneven. In many advanced economies, activity is still sluggish and unemployment high, while legacy problems in the financial system remain unresolved. Activity is more robust in many emerging and developing economies. However, their prospects also depend on a healthy, broad-based recovery among the advanced economies, owing to deep real and financial linkages. The key policy challenge is to effect a smooth transition from public- to private-sector-led growth in many advanced economies, and from external to domestically driven growth in key emerging economies. While short-term macroeconomic policies are broadly appropriate, completing the two rebalancing acts will require tackling the medium-term fiscal, financial, and structural challenges raised by the crisis. Without such reforms, growth could sputter, with grave economic and social consequences. Mode of access: Internet Policy Papers; Policy Paper ; No. 2010/058 Full text available on IMF http://elibrary.imf.org/view/journals/007/2010/058/007.2010.issue-058-en.xml IMF e-Library