Summary of Lift Growth Today, Tomorrow, Together

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Rating

8 Overall

8 Importance

7 Innovation

8 Style


Recommendation

In an April 2015 speech, Christine Lagarde, managing director of the International Monetary Fund, reported that 2014’s global growth of 3.4% is approximately in line with the 30-year average. Yet such growth may be inadequate to overcome the lasting effects of the Great Recession, especially with youth unemployment rates as high as 50% in some nations. Lagarde’s approach is designed to fuel growth now and in the future, and to promote global cooperation to make such growth sustainable. getAbstract recommends her cogent points to economists, executives and analysts.

In this summary, you will learn

  • Why the current pace of economic progress may be insufficient to sustain strong growth on a global level;
  • What recommendations Christine Lagarde, managing director of the International Monetary Fund, makes for lifting global economic growth, both now and in the future; and
  • Why countries need to coordinate growth efforts in an increasingly interdependent global economy.
 

About the Speaker

Christine Lagarde is the managing director of the International Monetary Fund.

 

Summary

The pace of economic recovery has improved since 2014 in the United States and the United Kingdom, while the euro area continues to stabilize with European Central Bank support. Lower commodity prices make it likely that emerging markets will see slower growth in 2015 than in 2014, but individual countries...

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