Global growth has lost momentum since the start of the year, leaving the world economy in a “precarious” position, the Managing Director of the International Monetary Fund , Christine Lagarde said yesterday.
In January, the fund lowered its projection for world economic growth, forecasting expansion of 3.5 per cent this year and 3.6 percent in 2020. It was the IMF’s second cut in the outlook in three months.“The global economy is at a ‘delicate moment,’” Lagarde said in her speech. Lagarde said the global economy was set to benefit from the patience of major central banks, as well as increased stimulus by the Chinese government.
Given the state of the global economy, it’s important for policy makers to avoid missteps, she said. Monetary policy should remain accommodative where inflation is below target, while exchange-rate flexibility should be used as needed, according to Lagarde. Regulatory reforms aimed at strengthening the financial sector should continue, she added.
Woh, 2dy is not Nigeria,it is global. Hahaha IMF is not making money, countries r getting wiser.
And Brexit is loading to add to the woes.
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