What has been demonstrated in the last few weeks is how much Asia is at the core of the global economy, and how much disruption in one market in Asia can actually spill over to the rest of the world. Christine Lagarde More Quotes by Christine Lagarde More Quotes From Christine Lagarde A significant disruption to the financial landscape is likely to come from the big tech firms, who will use their enormous customer bases and deep pockets to offer financial products based on big data and artificial intelligence. Christine Lagarde top-news Obviously, the downside risk that we have is continued trade tensions between the United States and China, and if these tensions are not resolved, that clearly is a risk going forward. Christine Lagarde business But we expect that at the end of 2019 and in 2020 it will bounce back. Christine Lagarde business History has taught us that, if not managed carefully, infrastructure investments can lead to a problematic increase in debt, i have said before that, to be fully successful, the Belt and Road should only go where it is needed. I would add today that it should only go where it is sustainable, in all aspects. Christine Lagarde business Debt sustainability and green sustainability will strengthen BRI sustainability. Christine Lagarde business It has to be a large majority of the membership actually recognizing diplomatically the authorities that they regard as legitimate. Christine Lagarde world With revenues down, fiscal deficits are only slowly declining, despite significant reforms on both the spending and revenue sides, including the introduction of VAT and excise taxes, this has led to a sharp increase in public debt, from 13 percent of GDP in 2013 to 33 percent in 2018. Christine Lagarde top-news Unsurprisingly, a weaker global environment has knock-on effects on the region through a variety of channels - trade, remittances, capital flows, commodity prices, and financing conditions. Christine Lagarde top-news Does that mean a global recession is around the corner? No. But the risk of a sharper decline in global growth has certainly increased. Christine Lagarde business This centralized budget capacity does not need to become a payment facility, it can very well have disciplinary conditions attached. Christine Lagarde business The global outlook has weakened further over the last six months so you can (deduce) from that there will be a slight revision (in the IMF estimates). Christine Lagarde energy Let me be clear: we are on alert, not alarm. There has been a loss of growth momentum, however, if policymakers can confront the challenges and act together, the positive effects on global confidence - and the global economy - will be substantial. Christine Lagarde business Beyond dollar appreciation, there is also the potential for increased exchange rate volatility, this volatility could be induced not only by the divergence in monetary policies in major advanced economies, but also by uncertainty about their overall prospects and policy action. Christine Lagarde business The key issue going forward will be the pace of normalisation. We agree that it should be gradual as announced, as stressed actually by the Fed, and based on clear evidence of firmer wage or price pressures. Christine Lagarde business For emerging economies, this could raise vulnerabilities in sectors with dollar exposures, especially corporates. Christine Lagarde business The country (Cameroun) and the entire CEMAC region are confronted with the twin shocks of the oil-price slump and a surge in disruptions related to security. Christine Lagarde energy The renminbi's inclusion in the SDR is a clear indication of the reforms that have been implemented and will continue to be implemented. Christine Lagarde most-read-articles The continuation and deepening of these efforts will bring about a more robust international monetary and financial system, which in turn will support the growth and stability of China and the global economy. Christine Lagarde most-read-articles As the G20 leaders gather in Turkey this weekend, they will have on their minds heartbreaking images of displaced people fleeing countries gripped by armed conflict and economic distress, migration is a global issue. We must all work together to address it. Christine Lagarde top-news It should really do it for good, if I may say, in other words, not give it a try and have to come back. Christine Lagarde business
