Skip to content
Subscriber Only

Lagarde Says Clouds Over Global Economy Are ‘Darker by the Day’

  • Rising protectionism may undermine confidence, Lagarde says
  • Comments follow G-7 meeting in which Trump revoked support
Video player cover image
Bruce Heyman, former U.S. ambassador to Canada, discusses President Donald Trump’s weekend at the G-7.(Source: Bloomberg)
Updated on

IMF Managing Director Christine Lagarde said the risks to the global economy are rising as major industrial nations sharpen threats of a trade war.

“The clouds on the horizon that we have signaled about six months ago are getting darker by the day -- and, I was going to say, by the weekend,” Lagarde said at a news conference in Berlin on Monday.