2013 to be make or break year: IMF chief

FPJ BureauUpdated: Saturday, June 01, 2019, 11:17 PM IST
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Davos (Switzerland): The International Monetary Fund (IMF) chief says 2013 will be a “make or break” year, a few hours after the IMF revised its forecast for this year’s global growth rate down to 3.5 percent.  “The recovery is still weak, and uncertainty is still high,” IMF managing director Christine Lagarde said Wednesday at the World Economic Forum annual meeting here,  Xinhua reported.

She said main sources of risks in 2013 are coming from advanced economies, including the Eurozone, the US and Japan, and urged them to keep up the momentum.  Lagarde is less worried about the emerging countries, but she stressed that emerging economies have to rebuild the buffers they have used up during the crisis.

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