IMF's Lagarde: Nations must act to prevent a new global recession

09/4/2011 | Der Spiegel (Germany) (English online version)

Christine Lagarde, managing director of the International Monetary Fund, said she fears that the world economy is in danger of sliding into a new recession. "We see that there has been, particularly over the summer, a clear crisis of confidence that has seriously aggravated the situation," she said. "Measures need to be taken to ensure that this vicious circle is broken."

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