IMF’s Lagarde: IMF does not expect near-term recession

The International Monetary Fund’s (IMF) Managing Director, Christine Lagarde, recently crossed the wires saying although 70% of the global economy was likely to experience a slowdown in growth in 2019, they were not expecting a recession.  

Key quotes (via Reuters)

• IMF sees some pickup in growth in 2h19 into 2020, due to more patient stance of Fed, other central banks, China stimulus.
• Expected rebound in growth this year is precarious; vulnerable to trade risks, Brexit unease in financial markets.