IMF's Lagarde says global economy better than a year ago but horizon clouded
IMF MD Lagarde speaking in Beijing after meeting with Premier Li/others
- global economy in better position now than last 10 years
- sees incredible rebalancing of China's economy
- China making critical effort to reign in financial risk
Always good to applaud your hosts
World Bank's Kim:
- global recovery fragile
- protectionism is a challenge
Kim, Lagarde and others have been meeting in Beijing with Premier Li and other heads of global organizations.
I reported Li's comments here earlier.
IMF's Lagarde - Glass half full