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.