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Lagarde: Economy Is In a Dangerous Phase
Posted On 15 Sep 2011

Lagarde said that the debt crisis in the eurozone has worsened, the United States is immersed in an internal debate about what direction to take to boost employment and emerging countries, pulling the world economy, suffer from overheating.
She added that the weak growth and massive debts are curbing demand, investment and job creation. She also encouraged international leaders to undertake urgent collective actions to tackle the global financial crisis of 2009 and welcomed the proposals that the president of the United States, Barack Obama, said to stimulate economic growth and employment.
(MS)