Daniel Moss, Columnist

Relax. The IMF's Forecast Isn’t That Bad

The lender nips and tucks its numbers again. The picture painted is less dramatic than the hand-wringing suggests.

January 22, 2019 at 4:43 AM UTC

Daniel Moss is a Bloomberg Opinion columnist covering Asian economies. Previously, he was executive editor for economics at Bloomberg News.

Just a little off the top.
Photographer: Justin Chin/Bloomberg

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Christine Lagarde is right. There is growth and a recession isn't around the corner.

That the International Monetary Fund chief had to say that is telling. With all the breathless news reporting about cuts to the lender's GDP projections, you might think the sky is falling. Nothing of the kind is happening.