Cheap oil, strong US economy no cure for weak growth: Lagarde
There are still powerful factors that weigh on the downside, says IMF chief
Washington
INTERNATIONAL Monetary Fund (IMF) managing director Christine Lagarde said cheap oil prices and a resurgent US economy won't be enough to help overcome sluggishness elsewhere in global growth.
"The obvious question is this: should lower oil prices and a stronger recovery in the United States make us more upbeat about the prospects for the global economy?" Ms Lagarde said in a speech on Thursday in Washington at the Council on Foreign Relations. "The answer is most likely 'No,' since there are still powerful factors that weigh on the downside."
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Xi tells Blinken US, China should be 'partners, not rivals'
Indonesia’s push for regional economic integration to continue under Prabowo: Vivian Balakrishnan
Outgoing Singapore, Indonesia leaders to hold their final retreat in Bogor on Apr 29
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing