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IMF’s Christine Lagarde hails TPP as economic upgrade

first_imgLagarde, in her speech today, cited China and a shift in US monetary policy as the principal causes of current global economic uncertainty. Among the other themes of her speech were energy prices and the impacts of climate change, a factor she said “must be integrated into the macroeconomic frameworks of all countries”.Lagarde concluded by saying she wants to see an IMF that is more “agile, integrated and member focused”.  IMF’s Christine Lagarde hails TPP as economic upgrade Show Comments ▼ Share whatsapp Although she admitted that the IMF has yet to be analyse the provisions of the the trade deal, she said it was “bound to unleash some potential”.Opponents of the deal have criticised TPP for excluding BRICS countries, but Lagarde praised its potential to tackle “uncertainties” in global markets. She went on to call out leaders of emerging markets, telling them to “firmly address the buildup of corporate leverage and foreign debt”.Earlier this week, the IMF warned that the global economy was at risk from an $18 trillion emerging market debt pile.Read more: Emerging market debt threatens global economy It said most of the weakness came from emerging markets and warned that the global economy may be on the brink of recession, with rising levels of emerging market debt chief among the “triad” of risks facing the globe. Sam Layton “I am hopeful that, building on the recent TPP agreement, we can restart the stalling engine of global trade. These upgrades will make the global economy more resilient against the increased uncertainty that we face now.”Lagarde’s speech follows the successful conclusion of the TPP talks, announced on Monday by trade ambassadors from the participating countries.Signatories to the deal include the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.The agreement is expected to introduce deregulated and streamlined trade between its member states.Lagarde added that bringing together countries representing 40 per cent of global GDP will be “beneficial for global growth”. Friday 9 October 2015 7:30 pm The Trans-Pacific Partnership (TPP) is an economic “upgrade” with the potential to kick start world markets, International Monetary Fund (IMF) managing director Christine Lagarde said today.Speaking at the annual meeting of the IMF and the World Bank in Lima today, Lagarde stressed the importance of implementing the free trade deal. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorArticles SkillHusband Leaves Wife For Her Sister, Not Knowing She Won The Lottery Just Moments BeforeArticles SkillLivestlyThe Best Redhead Actresses, RankedLivestlyDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionTotal PastThis Was Found Hiding In An Oil Painting – Take A Closer LookTotal Past whatsapplast_img

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