IMF's Lagarde says market swings aren't worrying, but wants reforms - Business News - News Summed Up

IMF's Lagarde says market swings aren't worrying, but wants reforms - Business News


"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," she said in her first public comments on market movements since the latest round of turmoil at the end of last week. "I'm ringing not the alarm signal, but the strong encouragement and warning signal. "Global stock markets were hit by wild fluctuations, with the U.S. benchmark S&P 500 tumbling 5.2 percent last week, its biggest weekly percentage drop since January 2016. "We need to anticipate where the next crisis will be.


Source: The Star February 11, 2018 10:07 UTC



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