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IMF's Lagarde urges government to 'steer clear of protectionism'

AFP  |  Hong Kong 

today issued a stern warning to governments to avoid undermining global growth with protectionist trade policies.

In a less than thinly-veiled warning to US Donald Trump, who has locked horns with on trade, the of the IMF said governments "need to steer clear of in all its forms."

The multilateral trade system has "helped reduce by half the proportion of the global population living in extreme poverty," while barriers prevent trade from "playing its essential role in boosting productivity.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 11 2018. 11:30 IST