A London Based Digital Publication Covering Diplomatic & Business Activities Globally

Saturday, May 25, 2024

Global economy on recovery path: Lagarde

Global economy on recovery path Lagarde(Beijing) – IMF chief, Christine Lagarde has said that measures taken to fight financial woes in Europe and the US have started to pay off, in a cautiously upbeat assessment of the global economy.
Lagarde is attending a high profile forum on China’s development and will hold meetings with her economic counterparts.
Addressing the forum Lagarde said, “Even just a few months ago, the situation was decidedly gloomy. Yet, today, we are seeing signs of stabilisation; signs that policy actions are paying off. Financial-market conditions are more comfortable and recent economic indicators are beginning to look a little more upbeat, including in the United States”.
Lagarde hailed policy actions taken particularly by the European Central Bank and some European countries had helped stabilise the overall situation. The looming threat of a Greek default receded after most of the country’s private creditors agreed to a bond swap that will see them accept huge losses and wipe some 100 billion euros ($132 billion) off Athens’ debt.

Latest Posts

Latest Posts

Stay in touch

To be updated with all the latest news, offers and special announcements.

RELATED ARTICLES

HH Sheikh Ahmed Opens Arabian Travel Mart

H.H. Sheikh Ahmed bin Saeed Al Maktoum, President of...

King Charles to Resume Public Engagements

Buckingham Palace has confirmed that King Charles will be...

President of China on a Europe Visit

Chinese President Xi Jinping arrived in Paris for a...

Dubai Maintains Tourism Growth

Dubai's tourism sector continues to soar, with a record...

Dubai Crown Prince attends Armed Forces Celebration

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum,...

UAE & New Zealand discuss economic partnership

The United Arab Emirates and New Zealand have embarked...

UAE & Turkmenistan expand Economic ties

Turkmenistan's Berdimuhamedow urges UAE collaboration in gas field development....

Crown Prince Appreciates the World Governments Summit Team

The Crown Prince Appreciates the valuable efforts of the...

WTO Promotes Consensus

The final World Trade Organization General Council meeting before...