IMF’s Lagarde warns the world: China debt boom could turn to bust

Thursday, July 6, 2017
By Paul Martin

CHINA’S debt bubble and slowing growth in the US threatens to be a recipe for disaster, the head of the International Monetary Fund has warned.

By LANA CLEMENTS
Express.co.uk
Thu, Jul 6, 2017

Very low interest rates are another big risk facing the global economy, according to Christine Lagarde.

Despite improving growth across the world, the IMF chief stressed that a number of issues could blow-up the fragile recovery.

Ms Lagarde urged world leaders at the G20 summit not to be complacent.

She wrote in a blog post: “Left alone, this constellation of concerns could be a recipe for sudden financial distress, when the world’s economies also continue to struggle with several longer-term problems.

“Think of excessively high economic inequality, low productivity growth, population ageing, and gender gaps.

“This summit opens with a sense of optimism.

“The upbeat mood stems from a global recovery that is now one year old and represents a welcome change from previous G20 meetings, where unsteady growth and downward revisions regularly cast a shadow.

“But it should be cautious optimism that prevails – policy efforts are still needed to strengthen the recovery and build more inclusive economies.”

The Rest…HERE

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