IMF chief warns of weaker global economic growth

Prospect of US interest rates hike and weakness in China contributing to uncertainty and higher market volatility, says Christine Lagarde

A marked slowdown in big emerging market countries will cut global growth to its lowest level since the deep recession of 2009, the head of the International Monetary Fund has warned.

Christine Lagarde, the IMF’s managing director, said forecasts to be published by her organisation next week would show activity expanded by less than the 3.4% recorded in 2014 – the joint weakest since the world economy came to a standstill six years ago. Continue reading