WASHINGTON, D.C.: International Monetary Fund (IMF) chief Christine Lagarde sounded an alarm on Thursday (Friday in Manila) over rising populism and nationalism, citing Britain’s vote last month to exit the European Union.
“It did not take the Brexit vote to understand that low growth, rising inequality, and a lack of jobs have combined with social and geopolitical concerns to fuel the rise of populism and inward-looking forces,” Lagarde said in a speech in Washington, according to her prepared remarks.
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