IMF’s Lagarde: Trade wars are unwinnable

Dhwani Mehta FXStreet

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.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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