Samstag, 21. Januar 2017

IMF's Lagarde warns against policy "black swan"

DAVOS, Switzerland, Jan. 20 (Xinhua) -- Christine Lagarde, managing director of the International Monetary Fund (IMF), warned against negative competition in policies at the World Economic Forum happening here.
"If we end up in a race to the bottom on tax, financial regulation and trade, that would have devastating consequences," she warned during a panel session on the 2017 global economic outlook, saying, "for me that would be a really big black swan."
"Black swan" is a term used to describe an event that is often surprising and with a disproportionately major effect, often with negative consequences. Go on:

Nashenka sagt: Herrlich, Herrin Lagarde! ;-)

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