ECB’s Lagarde Sends Mixed Signals From the IMF
After bleak warnings from the IMF, Lagarde signaled it’s still unclear what the ECB will do on rates.
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I’m Mark Schroers, an economics reporter visiting Washington this week for the IMF-World Bank Spring Meetings. Today we’re looking at ECB President Christine Lagarde’s view of the world. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here.
Tuesday at the IMF kicked off with a series of bleak warnings from the Washington-based lender. With war raging in the Middle East, officials cut their forecast for global growth this year, and outlined a more severe scenario where the world could come close to experiencing a recession.