Lagarde: reason to be concerned about global economy
IMF chief French Christine Lagarde
Washington - Arab Today
International Monetary Fund chief Christine Lagarde voiced concern Wednesday about the global economy, weakened by China's slowdown and facing a potential hit from a looming US interest rate hike.
"On the economic front, there is... reason to be concerned. The prospect of rising interest rates in the United States and China's slowdown are contributing to uncertainty and higher market volatility," Lagarde said, adding that some recent gains "now seem in jeopardy."
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