k********n 发帖数: 18523 | 1 Lagarde Warns of Risk of ‘Lost Decade’ for Global Economy
Nov. 9 (Bloomberg) -- International Monetary Fund Managing Director
Christine Lagarde warned of the risk of a “lost decade” for the global
economy unless nations act together to counter threats to growth.
“In our increasingly interconnected world, no country or region can go it
alone,” Lagarde said in a speech at a forum in Beijing today.
Advanced economies have a “special responsibility” to restore confidence
and lift growth, while China should boost consumption and allow its currency
to rise, the IMF leader said. European leaders are looking to China as a
potential source of funds as a sovereign-debt crisis threatens to engulf
Italy, the third-biggest economy in the euro area.
In Asia, policy makers need to respond nimbly should conditions worsen,
Lagarde said. They “can ease off the fiscal brakes, draw on reserves or
regional reserve pooling arrangements, and reactivate central-bank swap
lines,” she said.
Moderating inflation in China, Asia’s biggest economy, may give officials
more room to move. A 5.5 percent gain in consumer prices in October reported
today was the least in five months.
In Asia, “countries need to prepare for any storm that might reach their
shores,” Lagarde said. “But some face continued overheating pressures and
risks to financial stability from prolonged easy financial conditions.”
To contact the reporter on this story: Li Yanping in Beijing at yli16@
bloomberg.net | k********n 发帖数: 18523 | | M*****8 发帖数: 17722 | 3 墙街和世界主要的金融街,
最大的本领,就是假因果谎言,
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