IMF chief issues stark warning of risks to the global economy
October 1, 2018
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Christine Lagarde, the managing director of the IMF, called on countries to “de-escalate and resolve the current trade disputes”, as she issued a stark warning that “risks have begun to materialise” in the global economy. In a speech in Washington ahead of the IMF’s annual meetings in Bali, Indonesia, next week, Ms Lagarde said the “global weather is changing” for the worse and global economic forecasts would be revised lower. Urging countries to act together to counter the slowdown, she said the world needed to “build a global trade system that is stronger, fairer, and fit for the future” and rebuild trust in traditional institutions.