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Madam Lagarde sees global economic storm brewing…

“Last month, the IMF lowered its global economic growth forecast for this year from 3.7 percent to 3.5 percent” reports yahoo.com. Lagarde cited what she called “four clouds” as the main factors undermining the global economy and warned that a “storm” might strike.Christine Lagarde met Imran Khan on the sidelines of the World Government Summit in Dubai (AFP Photo/KARIM SAHIB) Dubai (AFP) – The International Monetary Fund on Sunday warned governments to gear up for a possible economic storm as growth undershoots expectations. “When there are too many clouds, it takes one lightning (bolt) to start the storm,” she said.”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.
 
Source: yahoo.com



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