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IMF Leader Lagarde Warns Against Trade Protectionism

Posted April 12, 2017

Under Economic Issues, International Trade Issues

(Martin Crutsinger – Associated Press)

The head of the International Monetary Fund says that after six years of disappointing growth, the world economy is finally gaining momentum. But she warns of a number of potential threats, ranging from political uncertainty in Europe to protectionism that could hinder global trade.

IMF Managing Director Christine Lagarde says that there is a critical need for more international co-operation, not less. Restricting trade flows would be a “self-inflicted wound” that would harm workers and consumers, she says.

In the text of a speech to be delivered in Brussels on Wednesday, Lagarde did not single out any country for specific criticism on the issue of protectionism. But in his campaign, President Donald Trump vowed to impose punitive tariffs on goods from countries he believes harm American workers by flouting global trade rules. Click here to read more.

Related: IMF World Economic Outlook – April 2017