Delayed recovery in Europe weighs on global growth
Interest rates not expected to rise until late 2013
Report call on European policymakers to work quickly to restore confidence
Beyond a certain point, large capital accumulations may hinder economic growth
Banks can adapt without actions that would harm the wider economy
Outlook for Canada unchanged
Massive deleveraging could harm economic recovery
Fund still expects mild recession in Europe this year
Policymakers should seize the moment to build a stronger long-term foundation for growth and stability
A new report finds that a combination of house price declines and a run-up in leverage explains the severity of contractions