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Lagarde warns of risks to global economic recovery

January 26, 2014 • Business


Head of the International Monetary Fund Christine Lagarde, right, gestures as she speaks while Governor of the Bank of England Mark J. Carney, sits next to her during a session at the World Economic Forum in Davos, Switzerland, Saturday, Jan. 25, 2014. (AP Photo/Michel Euler)

DAVOS, Switzerland (AP) — The International Monetary Fund’s managing director warned Saturday of the risks posed to global economic recovery from the reduction of the U.S. Federal Reserve’s monetary stimulus and falling prices in the eurozone.

Despite growing evidence the global economy is faring better than it has for years, Christine Lagarde said policymakers around the world have to be alert to the potential repercussions from the Fed’s “tapering,” a policy change it decided to embark upon in December.

So far, the move has been minimal — it has reduced the amount of Login to read more

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