20 Dec '11, 1pm

World economy at 'very dangerous juncture': Lagarde

World economy at 'very dangerous juncture': Lagarde

The world economy is at a 'very dangerous juncture', IMF chief Christine Lagarde (above) said on Tuesday referring to the potential impact on poorer nations during her first visit to Africa as head of the fund. -- PHOTO: AFP LAGOS (AFP) - The world economy is at a 'very dangerous juncture', IMF chief Christine Lagarde said on Tuesday referring to the potential impact on poorer nations during her first visit to Africa as head of the fund. 'Currently, the world economy stands at a very dangerous juncture,' Ms Lagarde told a roundtable on Africa's economic future in the Nigerian city of Lagos. The International Monetary Fund managing director spoke of a crisis of confidence with high unemployment and slowing global growth. She said the IMF's revised global growth forecast expected in January, looked to be lower than the previous one in September, which was four per cent, alre...

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

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