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Wednesday, August 17, 2022

IMF chief says market fluctuations aren’t worrying

IMF chief says market fluctuations aren't worrying© Reuters. Christine Lagarde, Managing Director of the International Monetary Fund, attends the World Economic Forum (WEF) annual meeting in Davos

DUBAI (Reuters) – Sharp fluctuations in global equity markets and other markets in the past few days are not worrying, as global economic growth is strong and available financing is ample, International Monetary Fund managing director Christine Lagarde said on Sunday.

But Lagarde, speaking at a Dubai conference on global business and social trends, also said regulators and governments needed to take the opportunity to avert future crises with economic and financial reforms.

“I’m reasonably optimistic because of the landscape we have at the moment. But we cannot sit back and wait for growth to continue as normal.”

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Source: Investing.com

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