## IMF’s Christine Lagarde on the U.S. Fiscal Cliff

_IMF Blog, December 11, 2012_

## Source details

**Canonical URL:** [IMF’s Christine Lagarde on the U.S. Fiscal Cliff](https://www.imf.org/en/blogs/articles/2012/12/11/imfs-christine-lagarde-on-the-u-s-fiscal-cliff)

## Other formats

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## Bibliographic details
- Authors: iMFdirect
- Published: December 11, 2012

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### 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.*

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## References

- [U.S. fiscal cliff](http://blogs.imf.org/2012/08/08/u-s-fiscal-policy-avoiding-self-inflicted-wounds/)

_Source: https://www.imf.org/en/blogs/articles/2012/12/11/imfs-christine-lagarde-on-the-u-s-fiscal-cliff_