China-US trade tension a major risk to global growth: IMF chief

WION Web Team
New Delhi, Delhi, India Updated: Jan 24, 2019, 04:31 PM(IST)

International Monetary Fund (IMF) Managing Director Christine Lagarde. Photograph:( Reuters )

Story highlights

Lagarde said it could precipitate the slowdown of the Chinese economy

International Monetary Fund Managing Director Christine Lagarde on Thursday reiterated that the major risk facing the global economy was the trade tension between China and the United States, reported Reuters.

She said it could precipitate the slowdown of the Chinese economy.

"A slowdown of China is fine. It's legitimate," Lagarde told delegates at the World Economic Forum in Davos. "But if the slowdown was fast, it would constitute a real issue," she said.

Lagarde said this at the World Economic Forum (WEF) annual meeting in Davos, Switzerland. 

(With inputs from Reuters) 

Read in App