FRANKFURT: Global economic growth will be “disappointing and patchy” in 2016, the head of the International Monetary Fund, Christine Lagarde, wrote in an article published in the German business daily Handelsblatt on Wednesday.
Rising interest rates in the United States, the economic slowdown in China, the persistent fragility of the financial system in a number of countries and the effects of low oil prices on producer countries “all mean that global growth in 2016 will be disappointing and patchy,” Lagarde wrote.
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