January 22, 2018 / 3:23 PM / 4 months ago

Lagarde says bullish economic outlook masks risks

DAVOS, Switzerland (Reuters) - Global growth will continue to strengthen this year and next, but a buildup of debt poses risks and policymakers must avoid complacency, IMF Managing Director Christine Lagarde said on Monday in Davos.

Christine Lagarde, Managing Director of the International Monetary Fund (IMF) attends a news conference on the world economic outlook during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 22, 2018 REUTERS/Denis Balibouse

“Global growth has been accelerating since 2016 and all signs point to a continuous strengthening of that growth, this year in 2018 and next year in 2019,” Lagarde told a news conference at the World Economic Forum after the IMF revised up its forecast for global growth to 3.9 percent for 2018 and 2019.

But she added: “We are seeing a troubling increase of debt across many countries and we need to remain watchful.”

Reporting by Noah Barkin and Dmitry Zdhannikov

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