IMF head urges caution to avoid harming recovery
Quotes

IMF head urges caution to avoid harming recovery

Last Updated: Thursday, January 16, 2014, 04:35
 
 Comment 0
 
IMF head urges caution to avoid harming recovery
Washington: The head of the International Monetary Fund is warning policymakers to avoid mistakes that could derail a fragile global recovery.

IMF Managing Director Christine Lagarde says Congress should promptly increase the US government's borrowing limit and the Federal Reserve should avoid withdrawing its financial support too rapidly.In a speech at the National Press Club, Lagarde says Europe is turning the corner from recession.
But she adds that the recovery is uneven and some nations are burdened by high debt and credit restraints. She says the European Central Bank could do more to help the recovery by providing targeted lending.

For big emerging economies such as China, Lagarde says financial regulation needs to be strengthened and officials will need to be alert for any threats such as asset bubbles.


PTI

First Published: Thursday, January 16, 2014, 04:35


Comments


comments powered by Disqus
BMW-X3
BMW-X3
Forbes Best Places for Biz 2014
Forbes Best Places for Biz 2014
Hyundai Elite i20
Hyundai Elite i20
Honda Mobilio MPV
Honda Mobilio MPV
Tata Zest first drive review: In pics
Tata Zest first drive review: In pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved