Lagarde: Great Transitions in the Global Economy
IMF Blog, October 10, 2013
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Bibliographic details
- Authors: iMFdirect
- Published: October 10, 2013
Overview of the press conference
- Speaker: IMF Managing Director Christine Lagarde.
- Event date: October 10, 2013.
- Platform: iMFdirect press conference.
- Core message: Policymakers should energize a global economic recovery that is "too slow and too unbalanced."
Major transitions identified
- Transition 1: "Advanced economies are strengthening, while emerging market economies are growing slower."
- Transition 2: "The world is moving to a different kind of financial sector."
Policy implications and priorities
- Manage a prolonged transition with stronger policies.
- Aim to make growth more inclusive and sustainable.
- Aim to make the financial system more stable.
Topics addressed in questions
- IMF governance reforms.
- The global impact of a failure to raise the U.S. debt ceiling.
- Country-specific issues raised: China, Greece, Portugal, Nigeria, Spain, Slovenia, and Egypt.
Calls to action / Recommended focus
- Energize the global recovery.
- Implement stronger policies to handle structural shifts in growth and finance.
Source: Lagarde: Great Transitions in the Global Economy — iMFdirect, October 10, 2013.