WASHINGTON, Oct 8 ― The global economic outlook is increasingly being threatened by protectionism and stalled reforms, and measures are needed to help those left behind by globalisation, policy makers warn in a draft communique of the IMF’s top advisory panel.

"The global economy has benefited tremendously from globalization and technological change,” according to the draft dated Oct. 7 obtained by Bloomberg News. "However, the outlook is increasingly threatened by inward-looking policies, including protectionism, and stalled reforms.”

"We commit to design and implement policies to address the concerns of those who have been left behind and to ensure that everyone has the opportunity to benefit from globalization and technological change,” according to the statement drafted by the International Monetary and Financial Committee, a panel of 24 members that advises the IMF’s board of governors on policy issues.

The global recovery remains slow and uneven, with growth expected to pick up only slightly next year, mostly on account of emerging markets, the panel said. Persistently low growth has exposed "underlying structural weaknesses, and risks further dampening potential growth and prospects for inclusiveness.”

The committee is chaired by the governor of Mexico’s central bank, Agustin Carstens, and includes representatives from the US, China, Japan and Germany. The final communique will be released today at the IMF’s annual meeting in Washington. ― Bloomberg