IMF chief sees 'tepid' growth for world economy

Dubai

THE world economy is going through a "tepid" recovery, International Monetary Fund chief Christine Lagarde said on Tuesday, adding that growth in advanced economies should be higher.

Speaking at a women's forum in Dubai, the newly re-elected Ms Lagarde said that global economic growth stood at 3.1 per cent last year, and is expected to grow by "a bit more than 3 per cent" this year, and a "little higher" in 2017. "It is a growth but it is a tepid growth because the recovery that we see in the United States, Europe and a little bit in Japan as well could be bigger," she said. "If you compare current growth to the potential output the economy should deliver, it is less," she added.