Business Services

Emerging markets face fifth tough year, warns Lagarde

Global growth - Disappointing and uneven - SantanderCB

International Monetary Fund chief Christine Lagarde has warned of 'disappointing and uneven' global growth, with emerging economies set to see a fifth consecutive year of slowing expansion. Speaking in Washington, Lagarde said worldwide expansion this year would fall short of last year's figures and forecast that there would be only a modest expansion in 2016. She suggested that the IMF's key concerns surrounded emerging markets, which are being hit by a China slowdown, falling commodity prices, the prospects of higher US interest rates, and the risk of more dollar appreciation. But the IMF chief gave a relatively positive verdict on the advanced economies, describing the US performance as 'reasonably robust' alongside the UK, and adding that the euro area was now seeing a strengthening recovery.


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander


Other Articles

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…


Mexico is predicted to become one of the world’s top 10 economies in the next 10 or 20 years.

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?