Lagarde: Global economy weaker than envisioned 6 months ago, IMF to cut growth outlook

The economic rebound is weaker than the International Monetary Fund envisioned six months ago and the global economy could be stuck in a sluggish growth rut for a long time, IMF Managing Director Christine Lagarde said Thursday.

“Yes, there is a recovery but as we all know—and can all feel it—the level of growth and jobs is simply not good enough,” Lagarde said, according to prepared remarks at Georgetown University in Washington. “There are some serious clouds on (the) horizon.

Full article: Lagarde: Global economy weaker than envisioned 6 months ago, IMF to cut growth outlook (CNBC)

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