IMF warns of global economic “storm” as growth undershoots
“Lagarde also pointed to the risks posed by rising borrowing costs within a context of “heavy debt” racked up by governments, firms and households. ‘When there are too many clouds, it takes one lightning (bolt) to start the storm, she said.”
USAGOLD note: The IMF has consistently warned about a brewing storm in the world economy. Christine Lagarde, the IMF’s managing director, offers a list concerns starting with Brexit and the U.S.-China trade war, but the fatal lightning bolt she worries about could strike just about anywhere including her suddenly vulnerable home country.