The threat of trade protectionism is the worst concern looming over a solid upswing in the world economy, according to IMF Managing Director Christine.
The “darkest cloud” on the economic future is the “determination of some to actually change the system that has actually presided over the trade relationships that we have all undertaken and enjoyed to some extent over the last many decades,” said Lagarde. She met some world leaders including Russian President Vladimir Putin, Japanese Prime Minister Shinzo Abe, French President Emmanuel Macron and China’s Vice President Wang Qishan in St. Petersburg, Russia.
“The good news today is that the sun is shining on the global economy. We went through a decade of difficult time, and now, we have an economy that is doing well," according to Lagarde...
Source: bloomberg.com