Christine Lagarde, director of the International Monetary Fund, attends a press conference at the Federal Chancellery on April 5, 2016 in Berlin, Germany. Heads of major economic and financial organizations met with German Chancellor to discuss various issues, including the role of bodies in the current financial crisis in Greece, international corruption, the political situation in Ukraine and the role of refugees European economy in the future. (Photo by Adam Berry / Getty Images)
The Managing Director of the International Monetary Fund, Christine Lagarde, warned that the global economy is losing momentum and urges governments to take action to maintain recovery.
“The recovery is still too slow, too fragile,” Lagarde said in a speech Tuesday in Frankfurt, Germany.
The world economy is not in crisis, and that is good news he said adding however that the slow growth could become commonplace.
global forecasts have weakened for the next six months, he said suggesting that the IMF may revise its growth forecast. The speech sets the framework for meetings between IMF and World Bank to be held in Washington later this month.
Lagarde urged governments to take measures to promote growth and increase infrastructure spending public.
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