IMF’s Christine Lagarde on the U.S. Fiscal Cliff
IMF Blog, December 11, 2012
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- IMF’s Christine Lagarde on the U.S. Fiscal Cliff
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Bibliographic details
- Authors: iMFdirect
- Published: December 11, 2012
Key statements and policy stance
- Publication: iMFdirect
- Date: December 11, 2012
- Christine Lagarde favors a comprehensive fix rather than a quick one.
- Direct quote: “My view is that the best way forward is to have a balanced approached that takes into account both increasing revenues and cutting spending as well.”
- Lagarde emphasized that the uncertainty of a quick fix would “fuel doubt, which prevents investors, entrepreneurs, and households from making decisions.”
Global implications highlighted
- Lagarde noted that people around the world are concerned about the fiscal cliff.
- She warned that a subsequent sudden drop in U.S. growth would have global repercussions.
Media appearances referenced
- Watch the CNN interview
- Interview with the BBC
Source: IMF’s Christine Lagarde on the U.S. Fiscal Cliff, iMFdirect, December 11, 2012.