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Below are some key takeaways, via Reuters, from the prepared speech delivered by  International Monetary Fund Managing Director Christine  Lagarde.

  • New global economic forecasts next week will show a “less bright” outlook as new tariffs hurt trade, investment.
  • There are signs global growth has plateaued and becoming less synchronized with fewer countries benefiting.
  • China’s growth showing signs of moderation that will be exacerbated by trade disputes.
  • U.S. growth still strong, but easy financial conditions can pose risk as business cycle matures.
  • Emerging markets excluding China could see debt portfolio outflows of up to $100 bln, matching financial crisis a decade ago.
  • Not seeing broad financial contagion from trade disputes, turmoil in some emerging market countries but conditions could change rapidly.
  • Countries need to resolve trade disputes and reform trade rules to deal with state subsidies, protect intellectual property rights.