02:05USA: IMF's Lagarde issues warning on global growth
IMF Managing Director Christine Lagarde offered a pessimistic take on the health of the global economy during a meeting in Washington, D.C. on Wednesday.
"Global growth will likely be weaker this year than last, with only a modest acceleration expected in 2016," Lagarde told attendees at the meeting hosted by business organisation Council of the Americas.
A "modest pickup" in the advanced economies including the US and UK was to be balanced against slowdown in developing and lower income countries which face "serious economic difficulties," she added. She also noted that countries such as "Russia or Brazil are facing serious economic difficulties," while growth in "Latin American countries in general continues to slow sharply."
Ms Lagarde was speaking ahead of high level IMF and World Bank meetings to be held in Lima, Peru, next week.
02:05IMF Managing Director Christine Lagarde offered a pessimistic take on the health of the global economy during a meeting in Washington, D.C. on Wednesday.
"Global growth will likely be weaker this year than last, with only a modest acceleration expected in 2016," Lagarde told attendees at the meeting hosted by business organisation Council of the Americas.
A "modest pickup" in the advanced economies including the US and UK was to be balanced against slowdown in developing and lower income countries which face "serious economic difficulties," she added. She also noted that countries such as "Russia or Brazil are facing serious economic difficulties," while growth in "Latin American countries in general continues to slow sharply."
Ms Lagarde was speaking ahead of high level IMF and World Bank meetings to be held in Lima, Peru, next week.