Lagarde: Great Transitions in the Global Economy

By iMFdirect

Christine Lagarde held a press conference this morning and covered a lot of ground.

The IMF Managing Director wants policymakers to energize the global economic recovery that is too slow and too unbalanced.

Two main transitions are taking place in the global economy. First, Advanced economies are strengthening, while emerging market economies are growing slower. Second, the world is moving to a different kind of financial sector.

Countries need to manage this process, which will take some time, with stronger policies to make growth more inclusive and sustainable, and the financial system more stable.

Lagarde fielded questions on the IMF’s governance reforms, the global impact of a failure to raise the U.S. debt ceiling, China, Greece, Portugal, Nigeria, Spain, Slovenia, and Egypt.

Find out the who, why and how and watch the press conference.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: