Head of
the International Monetary
Fund (IMF) Christine
Lagarde warned that the global economy face the risk of a lost decade,
with little growth, not even grow. Lagarde asks
Asia to keep that possibility.
He asserted, without the courage and the coordination of actions, the world will face uncertainty and financial instability. "Ultimately, we would run the risk of what some commentators have called it a lost decade," Lagarde said on Wednesday (11/09/2011), on his first visit to Beijing since becoming Managing Director of the IMF in July.
Former French finance minister has revealed, the Asian economy is relatively strong, but still must be prepared to face the storm. He said Asian governments must cut back a little tight monetary policy that has been applied to counter inflation. "Asia is not immune. Do not make a mistake," he said.
Last month, the IMF cut its growth forecast Asia this year to an average of 6.3 percent from its previous forecast of 7 percent due to Europe's debt crisis and economic slowdown in the United States.
After traveling at the beginning of the year, Asia's growth slowed due to reduced demand from developed countries and Japan are affected by the tsunami in March 2011 this pasa.
He asserted, without the courage and the coordination of actions, the world will face uncertainty and financial instability. "Ultimately, we would run the risk of what some commentators have called it a lost decade," Lagarde said on Wednesday (11/09/2011), on his first visit to Beijing since becoming Managing Director of the IMF in July.
Former French finance minister has revealed, the Asian economy is relatively strong, but still must be prepared to face the storm. He said Asian governments must cut back a little tight monetary policy that has been applied to counter inflation. "Asia is not immune. Do not make a mistake," he said.
Last month, the IMF cut its growth forecast Asia this year to an average of 6.3 percent from its previous forecast of 7 percent due to Europe's debt crisis and economic slowdown in the United States.
After traveling at the beginning of the year, Asia's growth slowed due to reduced demand from developed countries and Japan are affected by the tsunami in March 2011 this pasa.
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