IMF's Lagarde: Cloud over global economy have become darker, especially since weekend

Eren Sengezer FXStreet

The International Monetary Fund (IMF) Managing Director Christine Lagarde has recently delivered a joint statement with the WTO Chief Azevedo and Germany's Merkel. Lagarde said that the cloud over the global economy, especially since the G7 summit that took place last weekend, had become darker and added that the business confidence was declining due to trade-interrupting measures taken by major economies, as reported by Reuters.

WTI Chief stated that they had to stop this escalation of trade tensions and tit-for-tat exchanges would not be helpful.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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