Lift Growth Today, Tomorrow, Together
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Lift Growth Today, Tomorrow, Together

Christine Lagarde
IMF, 2015
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Editorial Rating

8

Qualities

  • Comprehensive
  • Analytical
  • Visionary

Recommendation

In an April 2015 speech, Christine Lagarde, managing director of the International Monetary Fund, reported that 2014’s global growth of 3.4% is approximately in line with the 30-year average. Yet such growth may be inadequate to overcome the lasting effects of the Great Recession, especially with youth unemployment rates as high as 50% in some nations. Lagarde’s approach is designed to fuel growth now and in the future, and to promote global cooperation to make such growth sustainable. getAbstract recommends her cogent points to economists, executives and analysts.

Summary

The pace of economic recovery has improved since 2014 in the United States and the United Kingdom, while the euro area continues to stabilize with European Central Bank support. Lower commodity prices make it likely that emerging markets will see slower growth in 2015 than in 2014, but individual countries face different prospects. India and Sub-Saharan Africa show good potential, “China is slowing but growing more sustainably,” but Russia, Brazil and much of the Middle East face economic challenges. The advanced economies run the risk of low inflation and low growth paired with high debt and...

About the Speaker

Christine Lagarde is the managing director of the International Monetary Fund.

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