IMF Lagarde: Global Economic Outlook "Gloomy": If the international community does not work together, "the risk from an economic point of view is that of retraction, rising protectionism, isolation," she reportedly said late Thursday. "This is exactly the description of what happened in the 30's and what followed was not something that we all are looking forward to."
Lagarde said the global outlook is "quite gloomy" with downside risks. There are downward revisions, slower growth than expected, higher than predicted deficits and public finances are not in a good condition, she added.
Lagarde said the global outlook is "quite gloomy" with downside risks. There are downward revisions, slower growth than expected, higher than predicted deficits and public finances are not in a good condition, she added.
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