While “all advanced economies are facing a growth challenge, the euro area has been slower to embrace innovation," Christine Lagarde says.
However, its projection for economic growth in the United States this year remains modest, at 2.2%.
How much do you know about one of the euro zone's leading economies?
The IMF forecasts lower annual global growth in 2015 largely due to the impact of weaker first-quarter growth in advanced economies.
Low or negative inflation is spreading around the world. That is more of a worry than it sounds.
Once again, the World Bank chops some basis points off global economic growth projections, describing the euro zone and Japan as "sputtering."
The European Central Bank cut growth and inflation forecasts for 2015 and 2016, saying it would reassess the need for policy measures early next year.
Despite the robust growth shown by Europe's largest economy last quarter, the euro zone remains plagued by anemic demand .
The rich world, and especially the euro zone, risks harmfully low inflation.
