Priority should be to resolve trade tensions: IMF chief Christine Lagarde

The IMF director added that global economy is showing tentative signs of stabilising and growth is projected to strengthen

International Monetary Fund Managing Director Christine Lagarde on Sunday called on the Group of 20 major economies to prioritise resolving trade tensions to mitigate risks to global growth. “We met at a time when the global economy is showing tentative signs of stabilising and growth is projected to strengthen. While this is good news, the road ahead remains precarious and subject to several downside risks,” Lagarde said in a statement after a meeting of G20 finance ministers and central bank governors.
 
“To mitigate these risks, I emphasised that the first priority should be to resolve the current trade tensions,