Tag: Christine Lagarde

Christine Lagarde
Thursday, February 27th 2014 - 00:31 UTC

IMF lets fresh air in and addresses income inequality and redistribution debate

It would be a mistake to focus on growth and let inequality take care of itself, argues the paper

Income inequality can lead to slower or less sustainable economic growth, while redistribution of income, when measured, does not hurt and can even help an economy, IMF staff found in a research study released on Wednesday. Although the study by IMF economists does not reflect the Fund's official position, it is another sign of a shift in its thinking about income disparity.

Wednesday, January 29th 2014 - 20:31 UTC

Lagarde admits volatility in global markets as strong economies tighten monetary policy

However the outlook for the global economy looked 'generally positive' said the IMF head (Photo AP)

Monetary policy tightening in advanced economies will cause volatility in international markets this year and impact the monetary situation of some emerging economies, IMF Managing Director Christine Lagarde cautioned on Wednesday.

Thursday, November 21st 2013 - 07:02 UTC

US 'budget-debt ceiling' political clashes threaten slower world growth, warns OECD

”Gurria: The recovery is real, but at a slow speed, and there may be turbulence on the horizon”

The Organization for Economic Cooperation and Development, OECD, cut its forecast for global economic growth through next year and warned that fiscal and monetary policy decisions looming in the U.S. could derail the recovery. OECD said world economic output would expand 2.7% this year and 3.6% in 2014, down from May's forecast of 3.1% and 4%.

Thursday, November 14th 2013 - 19:58 UTC

UK becomes observer of the Pacific Alliance, announces Chilean foreign minister

Minister Moreno advanced the news to the UK during a recent visit to Europe

Chilean Foreign Affairs Minister Alfredo Moreno has said that the UK has been granted Observer Status of the Pacific Alliance. The announcement was made by Moreno during his recent visit to Europe. The Pacific Alliance is made up of Chile, Peru, Colombia and Mexico and is consolidating as the fastest growing group in the region.

Tuesday, November 12th 2013 - 08:10 UTC

Lagarde praises Argentina's 'positive progress' in reforming economic data quality

“It's a matter that will be reviewed by the board in a few days' time and I would not want to prejudge what the outcome will be” said IMF chief

Argentina has made “positive progress” in reforming the quality of its economic data, the head of the International Monetary Fund said on Sunday, adding that the IMF's board is set to review the country's moves in a few days.

Saturday, November 9th 2013 - 03:27 UTC

IMF holding constructive talks with Argentina on inflation and GDP data

Managing director Lagarde must report to the Fund's executive board by next Wednesday on Argentina's progress

International Monetary Fund announced it was holding “constructive” talks with Argentina about addressing flawed economic data that led to an unprecedented IMF censure of a member country.

Monday, October 28th 2013 - 05:33 UTC

Rousseff and Mantega dispute IMF report on Brazil as 'incoherent'

The president argued that one of her government's pledges was to ensure fiscal responsibilities.

Brazilian President Dilma Rousseff responded to the International Monetary Fund concern over the country's fiscal situation, saying Brazil was fulfilling its responsibilities. IMF claimed that Brazil's competitiveness had eroded in recent months and downgraded the country's growth forecast from 4.25% to 3.5%.

Monday, October 14th 2013 - 05:31 UTC

IMF warns US default means massive disruption and world recession

Christine Lagarde said America must now raise the debt ceiling before Thursday's deadline. (Pic IMF web)

The head of the International Monetary Fund, Christine Lagarde, has warned that a US default could tip the world into recession. In a US TV interview she said a default would result in “massive disruption the world over”.

Tuesday, October 8th 2013 - 18:32 UTC

IMF forecasts sluggish expansion in developing world; trims global output estimate

The US is driving much of the global recovery and its output should pick up further next year, according to IMF

The International Monetary Fund trimmed its forecasts for global output for the sixth time since early last year, saying stronger growth in most advanced economies would fail to make up for a more sluggish expansion in the developing world

Friday, September 20th 2013 - 07:58 UTC

IMF sides with Obama calls on Republicans to bury political differences

Lagarde praised the Federal Reserve and reminded that the global growth remains subdued

The International Monetary Fund urged US policymakers to support major reforms at the global lender and bury political differences over the budget to ease one source of risk to the economy and markets.

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