Global economy losing momentum: IMF Chief

The Head of the International Monetary Fund has warned that the global economy is losing momentum and has urged governments to take action to boost growth. IMF chief Christine Lagarde made the remarks yesterday in a speech at Frankfurt's Goethe University. 

Lagarde also suggested that the IMF will cut its global economic forecasts next week. In January,



the IMF forecast global growth of 3.4 percent this year, increasing to 3.6 percent in 2017.

To counteract the headwinds, Lagarde is urging governments to accelerate structural reforms, increase fiscal support and continue an accommodative monetary policy. Lagarde also called for improved tax incentives for research and development investments.