IMF calls for more government spending as rate cuts lose their impact

Global growth remains weak and risks have risen after the Brexit vote, says IMF, as it calls for more infrastructure spending

The International Monetary Fund has called on G20 nations to boost government spending as the impact of ultra-low interest rates begins to reach its limits in developed countries.

Central bank chiefs and finance ministers from the world’s top 20 economies gathered in the south-western Chinese city of Chengdu on Saturday to tackle problems facing the global economy, which have been aggravated by the British vote to leave the European Union.

Related: Britain’s economy shrinking at fastest rate since 2009, says survey

Related: The Brexit quiz: one month on, how much do you know?

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