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FBN’s Peter Barnes on IMF Chief Christine LaGarde’s outlook on the global economy and comments on the U.S. fiscal cliff.
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Old growth -- -- following the story and joins us now more on Chris Stanley -- warning today paid up.
That's right -- Christine Lagarde is pushing politicians here and in Europe to follow through on their policy promises to reduce uncertainty that she says -- slowing global economic growth she says global growth will likely be a bit weaker than the IMF's IMF had anticipated in general in July as recently as July as -- says the uncertainty is quote having very real effects increasing divergence of economic fortunes in the eurozone.
And a tepid recovery in the United States she urges Euro zone leaders to complete work on their plans for more unified bank supervision.
And fiscal union in the US she says that current uncertainty over the fiscal -- presents a serious threat for the United States we hope that political clarity emerges soon and -- -- actions to avoid the fiscal -- -- -- is a little bit like a jigsaw puzzle.
That -- is that fall into places.
But the -- -- apostle is not yet assembled.
We sold -- -- with the complete picture should be.
The whole piece has not come together.
In the meantime she says the international community must support eurozone countries including with financing and that bailout programs for these troubled economies should be flexible actually.
-- paid -- bombs on the latest from Christine Lagarde who obviously is putting out some mornings things need to get done in Europe and many other places.
It's not gone -- your bed I don't know that we seem to forget about it some to.
