Skip to main content
Black Listed News

IMF Chief Christine Lagarde Warns U.S. of Worldwide Effects of Fiscal Cliff

Published: December 9, 2012
Share It | Print This


Source: Guardian.co.uk

Christine Lagarde - Université dété du MEDEF 2009

International Monetary Fund chief Christine Lagarde has warned the US it has the potential to be its “own worst enemy” over the fragile economic recovery and that failure to reach a comprehensive settlement over the fiscal cliff could see growth plummet to zero.

In forthright comments over the impending fiscal cliff, the IMF managing director said that “if the US economy was to suffer the downside risk of not reaching a comprehensive deal, then growth would be zero”. The markets would react quickly, “and the stock market would take a hit,” she said.

All the current signs of optimism over the economy that she identified – including falling unemployment, the housing sector bottoming out and reduced household debt – would be negated.

Read full article



Share This Article...



Subscribe To Updates
Blacklisted Newsletter
Blacklisted Radio
Blacklisted Nation
On Twitter
On Facebook
The DoomCast
Podcasts on Demand
Podcasts on Spreaker
Podcasts on Youtube
Podcasts on iTunes
Podcasts on Stitcher
Podcasts on Tunein
Podcasts on Roku

Support Us
Donate Today!

Affiliates
Shop Amazon
Golden Eagle Coins
6 Dollar T-Shirts
DHGATE.COM
The Ready Store
Onnit Labs
Audible Audio Books
Blue Host




BlackListed News CC 2006-2014