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

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.”