Christine Lagarde sounded the alarm over the health of the global economy as she said that the world could be entering a “soft patch” for growth.
“We are . . . seeing some glimpses of more sombre trends,” in the last month said the managing director of the International Monetary Fund in a speech at the Brookings Institution in Washington.
Ms Lagarde’s warning highlights signs of an economic slowdown in fast growing emerging markets, as well as more weak data from Europe, that threaten to undermine the recovery in demand worldwide.
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