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IMF's Lagarde warns trade, currency wars could be detrimental for growth
International Monetary Fund Managing Director Christine Lagarde on Thursday warned countries of the perils of a trade or a currency war, saying they could be detrimental to global growth and hurt “innocent bystanders.” Lagarde urged countries to “de-escalate” trade frictions and fix global trading rules, rather than abandon them. “We certainly hope we don’t move in either direction of a trade war or a currency war. It will be detrimental on both accounts for all participants, Lagarde told a news conference during the annual meetings of the IMF and World Bank in Indonesian resort island of Bali. “And ... (full story)
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- Oct 11, 2018 1:56am Oct 11, 2018 1:56am
- Forester44
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Beware of robber banks (RB), bad advisors.
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