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03-04-2019, 08:04 AM
Lagarde: Global economy is in ‘a delicate moment’ and ‘losing momentum’
* “The growth is losing the momentum that we had hoped for pretty much across the globe,” said Christine Lagarde, the IMF’s managing director.
* Lagarde noted there are clear downside risks including Brexit and China trade tensions that have affected business confidence.
* If a 25 percent tariff increase was imposed, it would lead to a 0.6 percent loss of U.S. economic growth, Lagarde said.
Yun Li
PUBLISHED TUE, APR 2 2019 • 12:11 PM EDT | UPDATED 5 HOURS AGO
The global economy is in “a delicate moment,” said the International Monetary Fund’s managing director, Christine Lagarde.
“The growth is losing the momentum that we had hoped for pretty much across the globe. We have 70 percent of the economy that is slowing down,” Lagarde said Tuesday in an interview with CNBC’s Sara Eisen at the 13th Annual Capital Markets Summit in Washington, D.C. “The U.S. is not immune to the deceleration anymore.”
Lagarde noted there are clear downside risks including Brexit and China trade tensions that have affected business confidence.
The markets have been sensitive to global economic data. Stocks posted a strong rally on Monday on solid manufacturing data out of the U.S. and China after taking a hit from weak retail sales and durable goods numbers in March. Adding to the market volatility has been the news coming from the negotiations of a trade deal between China and the U.S.
More details in https://www.cnbc.com/2019/04/02/lagarde-...entum.html
* “The growth is losing the momentum that we had hoped for pretty much across the globe,” said Christine Lagarde, the IMF’s managing director.
* Lagarde noted there are clear downside risks including Brexit and China trade tensions that have affected business confidence.
* If a 25 percent tariff increase was imposed, it would lead to a 0.6 percent loss of U.S. economic growth, Lagarde said.
Yun Li
PUBLISHED TUE, APR 2 2019 • 12:11 PM EDT | UPDATED 5 HOURS AGO
The global economy is in “a delicate moment,” said the International Monetary Fund’s managing director, Christine Lagarde.
“The growth is losing the momentum that we had hoped for pretty much across the globe. We have 70 percent of the economy that is slowing down,” Lagarde said Tuesday in an interview with CNBC’s Sara Eisen at the 13th Annual Capital Markets Summit in Washington, D.C. “The U.S. is not immune to the deceleration anymore.”
Lagarde noted there are clear downside risks including Brexit and China trade tensions that have affected business confidence.
The markets have been sensitive to global economic data. Stocks posted a strong rally on Monday on solid manufacturing data out of the U.S. and China after taking a hit from weak retail sales and durable goods numbers in March. Adding to the market volatility has been the news coming from the negotiations of a trade deal between China and the U.S.
More details in https://www.cnbc.com/2019/04/02/lagarde-...entum.html
Specuvestor: Asset - Business - Structure.