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Global Recovery Slow, Brittle, Fragile - Imf's Lagarde

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http://uk.reuters.com/article/2015/03/16/uk-india-imf-global-idUKKBN0MC0JM20150316

The global economic recovery remains "too slow, too brittle and too lopsided", the head of the International Monetary Fund said on Monday, singling out divergences in monetary policy as a risk that could cause financial market volatility.

Christine Lagarde reiterated the IMF's forecast that, more than six years after the global financial crisis, the world economy would grow by just 3.5 percent this year and 3.7 percent in 2016.

"This is still below what could have been expected after such a crisis," Lagarde said in a speech to women students in the Indian capital New Delhi.

"Looking ahead, something better may yet come on the back of low oil prices and interest rates. Still, there are significant risks to this fragile global recovery."

She appears to have missed out the descriptive word of the global recovery is just b0110cks.

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But to anchor long-term growth and employ a workforce that will become the world's largest by 2030, India needs to open up its labour market to women, boost financial inclusion and invest even more in infrastructure, she said.

Lagarde, the first woman to head the Fund, cited a new IMF working paper which found that only 33 percent of women in India worked - below the global average of 50 percent and a comparable level in East Asia of 63 percent.

They must be trying to push the everyone must work to pay for the lower wage house price ponzi debt scheme even in India now.

It could be to derail India's economic progress - much like they've achieved for the UK.

Edited by billybong

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They must be trying to push the everyone must work to pay for the lower wage house price ponzi debt cheme even in India now.

It could be to derail India's economic progress - much like they've achieved for the UK.

Yes, we must all work for our new masters, we must pay the bankers all our lives.

****s

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