The world's policymakers must take economic reforms more seriously, or they could see their economies stuck in a muddle of mediocre growth with high debt and unemployment, the head of the International Monetary Fund said at the multilateral organization assembly.
Global unemployment rose in 2012 after falling for two straight years and could further increase in 2013, the International Labour Organization (ILO) has warned in a new report. The number of unemployed worldwide rose by 4.2 million in 2012 to over 197 million, a 5.9% unemployment rate, according to Global Employment Trends 2013.