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Top IMF official warns global economy facing various threats

/ 11:54 PM April 11, 2019
Top IMF official warns global economy facing various threats

International Monetary Fund (IMF) Managing Director Christine Lagarde speaks at a news conference, during the World Bank/IMF Spring Meetings in Washington, Thursday, April 11, 2019. (AP Photo/Jose Luis Magana)

WASHINGTON  – The head of the 189-nation International Monetary Fund says the world is facing a time of high uncertainty with 70 percent of the global economy caught in a growth slowdown that could be worsened by self-inflicted wounds such as unnecessary trade battles.

IMF Managing Director Christine Lagarde says that while her agency is forecasting a rebound in growth next year that forecast is “precarious and subject to downside risks” with rising trade tensions a top threat.

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Trade flows have been shaken by the Trump administration’s efforts to force trade reforms on China.

Lagarde spoke at the opening of three days of global finance meetings. At a separate news conference, World Bank President David Malpass said that the current slowdown in global growth is jeopardizing the fight against extreme poverty. /gsg

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