IMF Lagarde Says Economy Weaker than Forecasts

The economic rebound is weaker than the International Monetary Fund envisioned six months ago and the global economy could be stuck in a sluggish growth rut for a long time, IMF Managing Director Christine Lagarde said Thursday.

Lagarde, in remarks prepared for delivery at an event in Washington, said the IMF would reduce its outlook for potential growth. She added that only a modest pickup in global growth is expected in 2015.

“Yes, there is a recovery but as we all know—and can all feel it—the level of growth and jobs is simply not good enough,” Lagarde said, according to prepared remarks at Georgetown University in Washington. “There are some serious clouds on (the) horizon.”

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza