WASHINGTON, D.C.: International Monetary Fund (IMF) chief Christine Lagarde warned on Thursday (Friday in Manila) that the slowdown in emerging-market economies could lead to rising inequalities in the global economy.
In the wake of China’s cooling economy and the steep fall in commodity prices, the emerging-market economies are seeing growth falter and are facing “a new, harsh reality,” Lagarde said in a speech at the University of Maryland.
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