IMF chief warns over slowing global growth

July 06, 2012 16:09

International Monetary Fund chief Christine Lagarde today warned the global economy was slowing and said the situation could get worse because Europe was not doing enough to fix its debt crisis.

Lagarde said the IMF would cut its growth forecast in its global outlook to be released later this month. "What I can tell you is that it will be tilted to the downside and certainly lower than the forecast that was published three months ago," she told an economic forum in Tokyo during a week-long Asian tour.

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