The Managing Director of the International Monetary Fund, Christine Lagarde on Tuesday reiterated his calls for more decisive action by the world’s economies to boost growth, warning that risks low are increasing.
in a speech at the Goethe University in Frankfurt, Lagarde he prescribed specific measures, including the United States to raise its minimum wage Europe to improve training for work and emerging economies reduce fuel subsidies and increase social spending.
She said the recovery of the global financial crisis 2007-2009 “is still too slow, too fragile and risks to their durability are increasing”.
“Let me be clear. we are on alert, not alarm has been a loss of momentum of growth,” Lagarde said in his prepared remarks
“However, if the. authorities can it cope with the challenges and act together, positive impact on global confidence-and the world economy will be substantial, “he said.
His remarks came less than two weeks before ministers, central bankers and other politicians 188 IMF member countries meet in Washington for the Spring meetings of the Fund and the World Bank, where the health of the world economy will be assessed.
While the recovery in the United US has gained momentum and some emerging markets such as Mexico have been successful, the IMF warns that the expansion in Europe and Japan has been a big disappointment.
in addition to this, the slowing growth in China has damaged to oil-producing countries and commodity exporters, including Brazil and Russia. To counter the headwinds, Lagarde called for accelerating economic structural reforms, increase fiscal support and continue the accommodative monetary policy.
REUTERS
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