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Lagarde: Global economy is in 'a delicate moment' and 'losing momentum'


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  • “The growth is losing the momentum that we had hoped for pretty much across the globe,” said IMF’s managing director Christine Lagarde.
  • Lagarde noted there are clear downside risks including Brexit and China trade tensions that have affected business confidence.
  • If a 25 percent tariff increase was imposed, it would lead to 0.6 percent loss on U.S. economic growth, Lagarde said.

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