IMF warns of global economic “storm” as growth undershoots

TheStraitsTimes/2-10-2019

“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.

Share
This entry was posted in Today's top gold news and opinion. Bookmark the permalink.