Christine Lagarde warns economic leaders

MARTIN CRUTSINGER
Last updated 10:54 16/01/2014

Relevant offers

World

Andy Warhol's selfie sells in London for $10.5m New cyber attack causes mass disruption, hitting Europe hard Sue Finley, 80, was hired by Nasa in 1958 as a 'computer' Woman gets $8030 but fails in bid to sue Australian supermarket after slipping on a grape Kayak is letting travellers search for travel deals using emojis Uber CEO Travis Kalanick resigns under investor pressure George Clooney sells his tequila to Diageo for US$1 billion London fire: Luxury apartments acquired for displaced Grenfell tenants Aussie bankers drug colleague with valium and laxatives in attempt to discredit him Passengers set to pay as Uber introduces tipping and fees for keeping drivers waiting

The head of the International Monetary Fund is warning policymakers to avoid mistakes that could derail a fragile global recovery.

IMF managing director Christine Lagarde says Congress should promptly increase the US government's borrowing limit and the Federal Reserve should avoid withdrawing its financial support too rapidly.

In a speech at the National Press Club, Lagarde says Europe is turning the corner from recession. But she adds that the recovery is uneven and some nations are burdened by high debt and credit restraints. She says the European Central Bank could do more to help the recovery by providing targeted lending.

For big emerging economies such as China, Lagarde says financial regulation needs to be strengthened and officials will need to be alert for any threats such as asset bubbles.

Ad Feedback

- AP

Special offers

Featured Promotions

Sponsored Content