IMF Cuts Global Economic Growth Outlook

The Washington-based IMF said economic activity had “weakened significantly” and that it would take more action from central banks across the world to stave off a new global recession.
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/lagarde_120308912.jpg" alt="IMF Managing Director Christine Lagarde conducts a press conference in Washington, D.C., in this file photo. Lagarde warned last week, 'Without collective, bold action, there is a real risk that the major economies slip back instead of moving forward.' (Paul J. Richards/AFP/Getty Images)" title="IMF Managing Director Christine Lagarde conducts a press conference in Washington, D.C., in this file photo. Lagarde warned last week, 'Without collective, bold action, there is a real risk that the major economies slip back instead of moving forward.' (Paul J. Richards/AFP/Getty Images)" width="275" class="size-medium wp-image-1797483"/></a>
IMF Managing Director Christine Lagarde conducts a press conference in Washington, D.C., in this file photo. Lagarde warned last week, 'Without collective, bold action, there is a real risk that the major economies slip back instead of moving forward.' (Paul J. Richards/AFP/Getty Images)
Frank Yu
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