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.

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