Global growth will dis­ap­point in 2016

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Global eco­nomic growth will be “dis­ap­point­ing” in 2016, the head of the In­ter­na­tional Mon­e­tary Fund said in an ar­ti­cle for Ger­man news­pa­per Han­dels­blatt.

“In many coun­tries, the fi­nan­cial sec­tor still has weak­nesses and in emerg­ing mar­kets the fi­nan­cial risks are in­creas­ing. All of that means global growth will be dis­ap­point­ing and un­even in 2016,” IMF Man­ag­ing Di­rec­tor Chris­tine La­garde said.

She added that low pro­duc­tiv­ity, age­ing pop­u­la­tions and the ef­fects of the global fi­nan­cial cri­sis were putting the brakes on growth, which has weak­ened the medi­umterm prospects.

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