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IMF's Lagarde warns G20 to avoid 'low-growth trap'

The head of the International Monetary Fund on Thursday called on global leaders to take “forceful” action to revive the world economy, sounding a stark warning ahead of this weekend’s G20 summit. Christine Lagarde, the IMF managing director, said that as of 2016, global economic growth had stagnated for five years below the 3.7 percent average that prevailed between 1990 and 2007. “Not since the early 1990s…has the world economy been so weak for such a long time,” Lagarde said in a statement issued to coincide with the start of the summit.

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