IMF Urges More Productive Investment; Less Speculation

The global economy needs to put more money into investments that help growth, and less into speculative financial products that could go sour in a downturn. That is one message from a study by the International Monetary Fund, presented Wednesday in Washington at the annual meeting of the IMF and the World Bank. IMF financial counselor Jose Vinals says a long period of low interest rates has prompted some investors to seek higher returns in riskier ventures. Those investments...

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