Growth strong but countries must prepare for change: IMF chief

Jakarta

INTERNATIONAL Monetary Fund managing director Christine Lagarde said on Tuesday the global economy was showing broad-based growth, but the landscape was shifting with heightened risks of trade disputes, monetary policy normalisation and technological change.

Ms Lagarde, speaking to an IMF conference in Jakarta in preparation for the Fund's annual meetings in Bali in October, said the IMF was expecting global growth to reach 3.9 per cent in 2018 and 2019. This is unchanged from the IMF's forecast in January and up from 3.7 per cent in 2017.