July 6, 2012 1:18 pm
Delivering the Nikkei Symposium Keynote Speech in Tokyo, Lagarde said, “In the IMF’s updated assessment of the world economy, to be released ten days from now, the global growth outlook will be somewhat less than we anticipated just three months ago.”
“And even that lower projection will depend on the right policy actions being taken,” she added. In the April World Economic Outlook report, the lender forecast 3.5 percent global economic growth this year and 4.1 percent next year.
The IMF Chief’s comments come just a day after three major central banks unleashed monetary stimulus amid growing signs of economic slowdown. While the European Central Bank and the People’s Bank of China cut interest rates, the Bank of England opted to boost the size of its quantitative easing…
via IMF’s Lagarde Says Global Economic Outlook More Worrisome.
Posted by Michel Cournoyer
Categories: In the News
Tags: Economy, Global Economic Outlook, IMF, Lagarde
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