Economics

Lagarde Says Global Economy Has Lost Momentum Since January

  • World economy has weakened since IMF’s last forecast: Lagarde
  • IMF doesn’t see a recession in the near term, Lagarde says
The IMF said global growth has lost momentum, while the WTO cut its global trade projection. Stephen Engle reports.(Source: Bloomberg)
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Global growth has lost momentum since the start of the year, leaving the world economy in a “precarious” position, IMF Managing Director Christine Lagarde said.