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2 Articles
Source: CBS News

IMF chief Christine Lagarde sees "no signs" of U.S. recession "in the near term"

Monday 19:06 GMT

Christine Lagarde, managing director and chairwoman of the International Monetary Fund (IMF), said she sees no indications the American economy is heading towards a recession in the near future, despite a recent stock market slump and slower job growth.

"In the U.S., if there was equal participation of women in the labor market, GDP would be up by 5 percent," Lagarde said. Asked about the role of women in the global economy, Lagarde, who was named one of the most powerful women in the world by Forbes this week, said gender inclusivity in workplaces fosters financial growth.

1 Article
Source: The Guradian

IMF warns storm clouds are gathering for next financial crisis

Wednesday 10:50 GMT

The storm clouds of the next global financial crisis are gathering despite the world financial system being unprepared for the next downturn, the deputy head of the International Monetary Fund has warned.

Lipton said the IMF went into the last crash “under-resourced” before it was handed a war chest worth $1tn (£790bn) from governments around the world, while adding that it was important that world leaders had agreed to complete a review of the fund’s financial firepower next year. “One lesson from that crisis was that the IMF went into it under-resourced; we should try to avoid that next time.”

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