Best is yet to come for global economy, according to IMF’s Christine Lagarde
Hong Kong/Washington — The world economy is enjoying a recovery that spans three-quarters of global output. Trade volumes have rebounded and unemployment is falling. But the best may be still to come. That is the message from finance ministers and central bankers gathered in Washington on Thursday for the start of annual meetings of the World Bank and International Monetary Fund, where they expressed an increasingly upbeat outlook for their economies. “It’s going to get better,” IMF MD Christine Lagarde said on a panel debate moderated by CNN anchor Richard Quest. She spoke two days after the fund lifted its global growth outlook on improved forecasts for the world’s biggest economies. Unlike last year, when emerging markets drove gains, the current upswing was more balanced, she said. “It is broader-based, it is more solid and it should get better. But it needs to get sustainable and benefit all.” Officials from around the globe largely shared her optimism. “I am pleased to note th...
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