Arab Today, arab today imf chief christine lagarde ukraine crisis can derail global economic recovery
Last Updated : GMT 19:56:18
Arab Today, arab today
Arab Today, arab today

IMF Chief Christine Lagarde: Ukraine crisis can derail global economic recovery

Arab Today, arab today

Arab Today, arab today IMF Chief Christine Lagarde: Ukraine crisis can derail global economic recovery

Washington - UPI

IMF chief Christine Lagarde said Russia's standoff with the U.S. and E.U. poses a threat to the global economy, which is still weak and growing slowly. Lagarde was speaking at Johns Hopkins University, in advance of the International Monetary Fund and World Bank's spring meeting next week in Washington. She said that the political instability and tensions coupled with ultra-low inflation in developed countries and instability in developing markets could destabilize the global economic recovery. "The situation in Ukraine is one which, if not well managed, could have broader spillover implications," Lagarde said. The managing director of the IMF said that tension in Ukraine and other parts of the world "requires not only good policies, but good politics. Both are essential to enable the global economy to move into a higher gear." "The global economy is turning the corner of the Great Recession, though overall growth remains too slow and weak," she added. Lagarde said the IMF expects global growth in 2014 and 2015 to be a little better than last year's 3 percent, and that she was encouraged by strong growth projections in the U.S. The euro zone's low inflation could reduce demand, output and suppress growth and jobs. Lagarde advocated the use of "unconventional measures" to jolt the economy. "There is the emerging risk of what I call 'low-flation,' particularly in the euro area," which could suppress demand and output, Lagarde said. "More monetary easing, including through unconventional measures, is needed in the" 18-country euro region "to raise the prospects of achieving the European Central Bank's price-stability objective." Lagarde also said that ever since the Fed announced a pullback of its bond buying program, investors have been pulling out their investments from emerging markets, causing a chain reaction. She said that central banks should cooperate and communicate more clearly to limit such "spillover" effects.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf chief christine lagarde ukraine crisis can derail global economic recovery Arab Today, arab today imf chief christine lagarde ukraine crisis can derail global economic recovery

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf chief christine lagarde ukraine crisis can derail global economic recovery Arab Today, arab today imf chief christine lagarde ukraine crisis can derail global economic recovery

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday