28 Aug '11, 12am

Risks to global economy are 'rising', says IMF chief Christine Lagarde

Risks to global economy are 'rising', says IMF chief Christine Lagarde

Risks to the global economy are rising and the tools for supporting it are more limited than they have been in the past, IMF chief Christine Lagarde (above) warned on Saturday. -- PHOTO: AP NEW YORK (AFP) - Risks to the global economy are rising and the tools for supporting it are more limited than they have been in the past, IMF chief Christine Lagarde warned on Saturday. But Ms Lagarde - in a speech to a meeting of central bankers in Jackson Hole, Wyoming - said that despite the narrowing options, there is still a path to recovery, and 'resolute action will help to dispel doubts.' 'In sum, risks to the global economy are rising, but there remains a path to recovery. The policy options are narrower than before but there is a way through,' the managing director of the International Monetary Fund said. 'I am confident that with the right actions, strong, sustainable, and ba...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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