Global finance chiefs optimistic about economic outlook

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WASHINGTON • Global finance chiefs ended talks in Washington, mixing concern about the current state of the world economy with confidence that it will soon rebound.. Read more at straitstimes.com.

WASHINGTON • Global finance chiefs ended talks in Washington, mixing concern about the current state of the world economy with confidence that it will soon rebound.

IMF managing director Christine Lagarde nevertheless warned that the world is at a"delicate moment" and at risk of"self-inflicted wounds". That would be an improvement over the 3.3 per cent pace projected for this year, but below the 3.8 per cent of 2017. Europe's struggles again emerged as a source of worry, leaving Germany under pressure to ease fiscal policy and Britain to arrange its withdrawal from the European Union.

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