IMF’s Lagarde says 2016 global economic growth to be ‘disappointing’

International Monetary Fund (IMF) Managing Director Christine Lagarde believes global economic growth next year will be ‘disappointing’ and uneven. Lagarde was quoted by a German newspaper saying the financial sector in many countries still has weaknesses, while the financial risks in emerging markets are increasing. She added that low productivity, aging populations and the effects of the global financial crisis will likely slow down growth in the medium and long term.

More from Business News

On Virgin Radio today

  • Non Stop Hits

    Midnight - 6:00am

    The UAE's #1 Hit Music Station with no interruptions

  • The Kris Fade Show

    6:00am - 10:00am

    Kris, Priti and Rossi host the UAE's biggest radio show. It's full of fun, laughs and it's Where The Stars Live.

Trending on Virgin Radio

  • Bassem Youssef

    One of the most talked about comedians in the world takes over The Kris Fade Show. Watch the full interview here...

  • Mais Vault on the Kris Fade Show!

    The boys tried their 'pick up' lines on Mais Vault and things did not go according to plan...

  • Untold Dubai

    It arrived: The UAE's First Mega Music Festival at Expo City Dubai!

  • ARN News Centre

    Get the latest UAE and world news from our award winning team of journalists. The ARN News Centre is the country's most trusted source of information.