IMF chief: Clouds over global economy are 'getting darker by the day'

CNN Money, Jun 12, 2018
by Jethro Mullen

Escalating trade tensions are posing an increasing threat to the global economy, the head of the International Monetary Fund has warned.
"The clouds on the horizon ... are getting darker by the day," IMF Managing Director Christine Lagarde said at a news conference in Berlin on Monday.

"The biggest and darkest cloud that we see is the deterioration in confidence that is prompted by [the] attempt to challenge the way in which trade has been conducted, in which relationships have been handled and the way in which multilateral organizations have been operating" she said.

To continue reading, click here.