IMF’s Lagarde: Trade wars are unwinnable
|Reuters reports headlines from the International Monetary Fund (IMF) Chief Lagarde, as she commented in the IMF Blog post.
Key Quotes:
“The good news is that the growth momentum has continued to strengthen, involving three- quarters of the world economy.
The pick-up expected for 2018 and 2019 will eventually slow, which implies a challenging medium-term outlook for many countries, especially in advanced economies.
That is why countries need to implement policies to guard against downside risks, strengthen resilience, and foster medium-term growth that benefits everyone. Now is the time to take bold policy actions, and make the most of this period of global growth.
Trade wars are unwinnable.”
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