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Global economy on recovery path, risks remain -IMF’s Lagarde

Global economy on recovery path, risks remain -IMF’s Lagarde

19 March 2012 09:49 (UTC +04:00)

Baku - APA-Economics. The global economy has stepped back from the brink of danger and signs of stabilisation are emerging from the euro zone and the United States, but high debt levels in developed markets and rising oil prices are key risks ahead, the IMF said on Sunday, APA reports citing Reuters.

"The global economy may be on a path to recovery, but there is not a great deal of room for maneuver and no room for policy mistakes," International Monetary Fund (IMF) Managing Director, Christine Lagarde, said in a speech in Beijing.

In a separate talk on the same day, Lagarde said that China’s yuan could become a reserve currency in the future, adding that the country needed a roadmap for a stronger, more flexible exchange rate system.

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