IMF's Lagarde Sees 'New Reality' of Mediocre Growth

April 9, 2015 2:58 PM

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Mediocre economic growth could become the "new reality," leaving millions stuck without jobs and increasing the risks to global financial stability, the head of the International Monetary Fund warned on Thursday.

Christine Lagarde, the managing director of the IMF, first warned in October the global economy could be stuck on a "new mediocre" growth path with high debt and unemployment, unless policymakers act.

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