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New measures critical to keeping growth momentum from faltering

Financial system reforms needed in India and China to support economic expansion

| China
Times will be over when policymakers can expect more growth without bold policies to raise their economies' resilience.   © Reuters

The world economy's growth momentum remains strong but is leveling off as the winds of trade war and other geopolitical risks, domestic political fractures and debt-related dangers loom, with financial markets already reflecting mounting vulnerabilities.

Emerging markets contributed to the broad-based and synchronized global upturn last year and many are on track to turn in an even better growth performance in 2018, as confirmed by the latest update of the Brookings-FT Tracking Indexes for the Global Economic Recovery.

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