Christine Lagarde met Imran Khan on the sidelines of the World Government Summit in Dubai (AFP Photo/KARIM SAHIB)
AFP: IMF warns of global economic "storm" as growth undershoots
Dubai (AFP) - The International Monetary Fund on Sunday warned governments to gear up for a possible economic storm as growth undershoots expectations.
"The bottom-line -- we see an economy that is growing more slowly than we had anticipated," IMF Managing Director Christine Lagarde told the World Government Summit in Dubai.
Last month, the IMF lowered its global economic growth forecast for this year from 3.7 percent to 3.5 percent.
Lagarde cited what she called "four clouds" as the main factors undermining the global economy and warned that a "storm" might strike.
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WNU Editor: Debt, Brexit, trade wars, and China are the four "clouds" that IMF Managing Director Christine Lagarde is focused on.
5 comments:
Debt and China are the only real problems.
You can trade with or without Brexit, PERIOD!
You have trade wars when someone wants a one side deal or you have a weak country and the other side want to take advantage of it.
The debt crisis of 2011 and thereabouts never went a way. It was papered over and Der Fuhrer said "Look at the birdie!"
So this is all Obama's and CNN's fault, right CHUDS?
It is Obama's fault.
There was never a Leftist leader of a Western Democracy that he did not like or did not encourage.
It is also liberals fault in America. they ballyhoo, preen and strut whenever someone like Ortega, Chavez, Evil Morales get elected. This has an effect. Liberal CHUDS forever are stupid.
Stock market will tank on Monday for certain
Brilliant as usual!
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