Lagarde did not rule out that close to a new global financial crisis

The managing Director of the International monetary Fund Christine Lagarde does not exclude that may soon break out of the global financial crisis. She said this on air of CNBC.

«We have seen cycles of a duration of ten years. This does not exclude the occurrence of the crisis,» said Lagarde.

At the same time, she noted that the global crises are unpredictable.

«Where will he come from and what form it will take, we don’t know. As a rule, the crisis never comes from where we expect. It is our duty to warn the heads of ministries of Finance that they were ready. Make sure that your financial sector is closely monitored, well-regulated, and financial institutions are healthy,» she added.

The latest global financial crisis recorded in 2007-2008. It began with the subprime mortgage crisis in the United States. The effects of the crisis was the decline in global GDP (for the first time after the Second world war) and a 10% decrease in the volume of trade on the planet.




Lagarde did not rule out that close to a new global financial crisis 13.07.2017

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Июль 13th, 2017 by
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