Bloomberg News

Lagarde Says Economic Outlook Has Deteriorated in Recent Weeks

October 15, 2011

Oct. 15 (Bloomberg) -- International Monetary Fund Managing Director Christine Lagarde said the global economic outlook as deteriorated in recent weeks.

“The situation is more likely to have worsened than improved in past 3 weeks” and “the risk outlook is darker,” Lagarde told journalists in Paris. “The emerging markets are worried about the risk of contagion to emerging and low income countries.”

To contact the reporter on this story: Helene Fouquet in Paris at hfouquet1@bloomberg.net

To contact the editor responsible for this story: Mark Deen at markdeen@bloomberg.net


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