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Bloomberg
Global growth has lost momentum since the start of the year, leaving the world economy in a “precarious†position, IMF Managing Director Christine Lagarde said.
The global economy has weakened since the International Monetary Fund last updated its forecast in late January, though a recession isn’t likely in the near term, Lagarde said in remarks prepared for a speech at the US Chamber of Commerce in Washington.
Lagarde characterised the slowdown as a “synchronised deceleration†during a panel discussion after her speech.
In January, the fund lowered its projection for world economic growth, forecasting expansion of 3.5 percent this year and 3.6 percent in 2020.
It was the IMF’s second cut in the outlook in three months. The fund will release its new World Economic Outlook with an updated growth forecast on April 9.
“The global economy is at a ‘delicate moment,’†Lagarde said in her speech.