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Wednesday, 6 April 2016
IMF - "More Growth Needed from Advanced Nations " - or What?
STOP SITTING AROUND GUYS
Christine Lagarde warns of advanced economies’ ‘loss of momentum’ and credits emerging markets with driving recovery
Governments must urgently pursue more growth-friendly policies to shore up a weakening global economy beset with risks, the head of the International Monetary Fund has said.
Christine Lagarde also put governments on alert that they should prepare contingency plans in case threats to the fragile global economy materialise.
“The good news is that the recovery continues. We have growth. We are not in a crisis. The not-so-good news is that the recovery remains too slow, too fragile, and risks to its durability are increasing,” Lagarde said in a lecture at Goethe University in Frankfurt, Germany.
“We are on alert, not alarm. There has been a loss of growth momentum. However, if policymakers can confront the challenges and act together, the positive effects on global confidence, and the global economy, will be substantial,” she said, according to text of her speech.
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