IMF chief: 'world economy has entered a dangerous phase' |
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November 9th, 2011
The head of the IMF, Christine Lagarde, warns of a dangerous and uncertain phase in the world economy and pushes for EU bailout plan to start in December. Speaking at an international financial forum in Beijing, Ms Lagarde said that the global economy was in danger and referred to the high unemployment rate in the US
The head of the IMF, Christine Lagarde, warns of a dangerous and uncertain phase in the world economy and pushes for EU bailout plan to start in December.
Speaking at an international financial forum in Beijing, Ms Lagarde said that the global economy was in danger and referred to the high unemployment rate in the US
"I have said it before and I say it again, we believe that the world economy has entered a dangerous and uncertain phase. Adverse feedback loops between the real economy and the financial sector have become permanent, and unemployment, as I have just mentioned in relation to the United States of America because it is unusual, has really advanced significantly unabated and remains unacceptably high," she said.
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