IMF’s La­garde warns the global re­cov­ery isn’t com­plete

Business Standard - - WORLD -

Pol­icy mak­ers need to use the world econ­omy’s best per­for­mance in a decade to push through re­forms that will defuse po­lit­i­cal ten­sions and make the ex­pan­sion sus­tain­able, Chris­tine La­garde, man­ag­ing di­rec­tor of the In­ter­na­tional Mone­tary Fund, warned. Cit­ing the poet Percy Bysshe Shel­ley, La­garde said there is a “de­gree of har­mony” in global growth but cau­tioned that eco­nomic as­pi­ra­tions are be­ing lim­ited by a lack of eco­nomic re­forms amid grow­ing dis­rup­tion from the im­pact of tech­nol­ogy and other changes. “Our goal is turn­ing that har­mony we see into a sea­son of ac­tion,” La­garde told re­porters Thurs­day in Wash­ing­ton. “The re­cov­ery is not com­plete.”

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