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    01.09.2015 15:12 International Monetary Fund Managing Director Christine Lagarde expects the global growth to be weaker than expected earlier

    International Monetary Fund (IMF) Managing Director Christine Lagarde said on Tuesday that the global growth will be weaker than expected earlier due to a slower recovery in advanced economies and a further slowdown in emerging economies.

     

     

    "Overall, we expect global growth to remain moderate and likely weaker than we anticipated last July. This reflects two forces: a weaker than expected recovery in advanced economies, and a further slowdown in emerging economies, especially in Latin America," she said.

     

     

    The IMF managing director warned emerging countries to "be vigilant for spillovers" from a slowdown in the Chinese economy.

     

     

    Lagarde noted that the Chinese economy was slowing as it adjusts to a new growth model.

     

     

    "The transition to a more market-based economy and the unwinding of risks built up in recent years is complex and could well be somewhat bumpy," she said.


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