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IMF’s Lagarde urges G-20 economic reform

International Monetary Fund Managing Director Christine Lagarde has appealed to Group of 20 leaders preparing for a meeting in China to support forceful economic reform or risk a “low-growth trap” with falling productivity, weakening incentives for investment, faltering demand and high debt. “The political pendulum threatens to swing against economic openness, and without forceful policy actions, the world could suffer from disappointing growth for a long time,” she said.

Reuters (9/1)