Lagarde warns mediocre growth could become ‘new reality’
‘Growth is just not good enough’, says Lagarde
The global economy risks slipping into a "new mediocre", which implies a prolonged period of low economic growth, IMF managing director Christine Lagarde warns.
"[The] global recovery continues, but it is moderate and uneven," Lagarde said yesterday at the Atlantic Council in Washington. "Today, we must prevent that new mediocre from becoming the 'new reality'."
Speaking ahead of the release of the IMF's economic forecasts next week, Lagarde said global growth this year is similar to last year
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