She said the global outlook for the next six months has weakened, suggesting the IMF may be revising its forecasts.. A stronger dollar has weighed on growth in the United States, while China’s economy has slowed. “The answer to the reality of our interconnected worth is not fragmentation, it is cooperation,” she said.Lagarde urged governments to take pro-growth reforms and to increase spending on public infrastructure.Christine Lagarde said in a speech Tuesday in Frankfurt, Germany, that “the recovery remains too slow, too fragile.4 per cent this year, increasing to 3. She said, however, that slow growth risks becoming ingrained as a “new mediocre.In January, the IMF forecast global growth of 3. In January, the IMF forecast global growth of 3. Mediocre growth that doesn’t help ordinary people much risks political backlash that “has consequences for the social and political fabric in many countries,” she said.6 percent china black chamois in 2017. Frankfurt:
The head of the International Monetary Fund is warning that the global economy is losing momentum and urging governments to take action to preserve the recovery. The speech sets the stage for the IMF and World Bank meetings in Washington later this month.She warned against turning to protectionism – favoring domestic producers in competition with foreign firms – as a response.4 percent this year, increasing to 3.” She said that the global economy isn’t in a crisis – and that’s good news.6 per cent in 2017.”Advanced economies still face a hangover from the global financial crisis of 2007-2009 in terms of too much debt, low investment, and, for some, high unemployment
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