IMF’s Lagarde sees improved world economic outlook
by Desmond Butler, Associated Press
January 17, 2013 12:45 PM | 796 views | 0 0 comments | 5 5 recommendations | email to a friend | print
This July 3, 2012 file photo shows International Monetary Fund Managing (IMF) Director Christine Lagarde speaking in Washington. Lagarde travels the world trying to keep the global economy on track. But some of the greatest threats are brewing just blocks from her Washington office. And there’s little she can do about them. The IMF has been left largely on the sidelines as Democratic and Republicans fights over the budget raise the specter of a U.S. default or possibly drive the country into recession. (AP Photo/Haraz N. Ghanbari, File)
This July 3, 2012 file photo shows International Monetary Fund Managing (IMF) Director Christine Lagarde speaking in Washington. Lagarde travels the world trying to keep the global economy on track. But some of the greatest threats are brewing just blocks from her Washington office. And there’s little she can do about them. The IMF has been left largely on the sidelines as Democratic and Republicans fights over the budget raise the specter of a U.S. default or possibly drive the country into recession. (AP Photo/Haraz N. Ghanbari, File)
slideshow
WASHINGTON (AP) — International Monetary Fund chief Christine Lagarde says the threat of financial collapse in the global economy appears to have eased. But she is warning that developed economies still need to follow through on financial reforms and debt reduction.

In a news conference Thursday on her outlook for 2013 she said: “We stopped the collapse. We should avoid the relapse. And it’s not time to relax.”

Lagarde said that big economic powers, including the United States and European countries, had taken important steps to shore up their financial systems, but they have a lot of work left to do. She warned that there are signs of a waning commitment to regulate the financial sector despite the severe problems that began with the collapse of U.S. financial institutions in 2008.

Comments
(0)
Comments-icon Post a Comment
No Comments Yet
*We welcome your comments on the stories and issues of the day and seek to provide a forum for the community to voice opinions. All comments are subject to moderator approval before being made visible on the website but are not edited. The use of profanity, obscene and vulgar language, hate speech, and racial slurs is strictly prohibited. Advertisements, promotions, and spam will also be rejected. Please read our terms of service for full guides