'Precarious' global rebound expected in late 2019, says IMF's Christine Lagarde
Updated : April 02, 2019 07:36 PM IST
In a speech ahead of next week's spring meetings with the World Bank, IMF chief Christine Lagarde said the world economy was vulnerable to shocks from Brexit, high debt levels and trade tensions, as well as unease on financial markets.
Lagarde said the IMF next week was due to cut its global growth forecasts even further than it had in January, with more than two thirds of the world economy likely to see slowing growth.
Gloom about slowing growth in Asia, Europe and the United States, as well as the protected US-China trade war, have sparked periodic jitters on markets since last year.
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