IMF’s Lagarde: Trade wars are unwinnable

Reuters reports headlines from the International Monetary Fund (IMF) Chief Lagarde, as she commented in the IMF Blog post.

Key Quotes:

“The good news is that the growth momentum has continued to strengthen, involving three- quarters of the world economy.

The pick-up expected for 2018 and 2019 will eventually slow, which implies a challenging medium-term outlook for many countries, especially in advanced economies.

That is why countries need to implement policies to guard against downside risks, strengthen resilience, and foster medium-term growth that benefits everyone. Now is the time to take bold policy actions, and make the most of this period of global growth.

Trade wars are unwinnable.”