World economic growth is 'fragile,' Lagarde says

World economic growth is 'fragile,' Lagarde says

MarketWatch
20 Sep 2019, 09:48 GMT+10

World economic growth is 'fragile,' Lagarde says

World economic growth is "fragile" and "under threat," former International Monetary Fund director Christine Lagarde says, and is over-reliant on the actions of central banks.
In an interview published late Thursday by Agence France-Presse, Lagarde - who exited her IMF post last week and is in line to become president of the European Central Bank before year' ...
Lagarde urged governments to take a more active role in resolving economic threats on their own, instead of relying on central banks to clean up their mess.

World economic growth is "fragile" and "under threat," former International Monetary Fund director Christine Lagarde says, and is over-reliant on the actions of central banks.

In an interview published late Thursday by Agence France-Presse, Lagarde - who exited her IMF post last week and is in line to become president of the European Central Bank before year's end - also said central banks should be predictable and "stick to [their] mandate."

Lagarde urged governments to take a more active role in resolving economic threats on their own, instead of relying on central banks to clean up their mess. "I think central bankers have done an awful lot and were for many years regarded as the only game in town," she told AFP.

Lagarde took over the IMF in 2011, right after the financial crisis, and is credited with helping stabilize the global economy though uncertain times. She gave few hints as to how she may govern the ECB.

While she told AFP that tariff wars and Brexit are the biggest current threats to global growth, she noted that those issues "are manmade and can be man-fixed."

"A bit of woman wouldn't hurt," she added.

Earlier Thursday, the Organization for Economic Cooperation and Development downgraded its world economic outlook to the worst growth rate since the financial crisis.

Source: MarketWatch

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.

More Information

null in null

International

Section

COVID-19 vaccines face confusion over eligibility, coverage in 2025

COVID-19 vaccines face confusion over eligibility, coverage in 2025

WASHINGTON, D.C.: Getting a COVID-19 shot this year may not be as straightforward as before. A mix of new federal guidance, insurance...

Activists target Venice Film Festival over Israel ties

Activists target Venice Film Festival over Israel ties

VENICE, Italy: The Venice Film Festival opened on August 27 with its usual mix of glamour and Hollywood stars, but activists are trying...

Activists target Microsoft president’s office in Gaza war protest

Activists target Microsoft president’s office in Gaza war protest

REDMOND, Washington: Police arrested seven people this week after they staged a sit-in at the office of Microsoft President Brad Smith....

Most of Yemen's leaders wiped out in attacks by Israel Air Force pilots

Most of Yemen's leaders wiped out in attacks by Israel Air Force pilots

SANAA, Yemen – Yemen's Houthi-led government has confirmed that its Prime Minister, Abdel-Aziz bin Habtour, and several other high-ranking...

UK, France, Germany warn Iran of full sanctions return

UK, France, Germany warn Iran of full sanctions return

VIENNA, Austria: France, the United Kingdom, and Germany have warned that they may trigger the snapback mechanism, which would automatically...

Palestine's leadership barred by U.S. from attending UN General Assembly

Palestine's leadership barred by U.S. from attending UN General Assembly

In a move decried as a violation of international agreements and a severe blow to diplomatic efforts, the United States has systematically...

Wisconsin

Section

US to scrap tariff break on small imports, raising costs for buyers

US to scrap tariff break on small imports, raising costs for buyers

NEW YORK CITY, New York: For years, Americans could order low-value items from abroad without worrying about tariffs. That will change...

Experts warn of sharp 2026 US health coverage hikes, lower benefits

Experts warn of sharp 2026 US health coverage hikes, lower benefits

WASHINGTON, D.C.: Health insurance is set to get more expensive in 2026, with higher premiums and shrinking coverage likely across...

George Springer looks to stay hot as Blue Jays, Reds open series

George Springer looks to stay hot as Blue Jays, Reds open series

(Photo credit: John E. Sokolowski-Imagn Images) Toronto Blue Jays sluggers George Springer and Bo Bichette have been swinging hot...

Bucks bring back F Thanasis Antetokounmpo

Bucks bring back F Thanasis Antetokounmpo

(Photo credit: Jerome Miron-Imagn Images) Milwaukee on Sunday re-signed forward Thanasis Antetokounmpo, the older brother of Bucks...

MLB roundup: Will Smith's walk-off HR lifts Dodgers over D-backs

MLB roundup: Will Smith's walk-off HR lifts Dodgers over D-backs

(Photo credit: Jayne Kamin-Oncea-Imagn Images) Will Smith hit a pinch-hit walk-off home run in the bottom of the ninth inning as...

Rockies squander three-run lead, then walk off Cubs

Rockies squander three-run lead, then walk off Cubs

(Photo credit: Isaiah J. Downing-Imagn Images) Mickey Moniak hit a walk-off triple in the ninth inning, and the Colorado Rockies...

Movie Review

Samurai Wolf (Kiba Ã”kaminosuke) [Blu-Ray]