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IMF’s Lagarde warns of slowing growth, potential ‘shock’ from trade dispute

International Monetary Fund chief Christine Lagarde delivered a warning on global growth, saying there are signs major economies such as the U.S. have ”plateaued.”

Lagarde, in part, blamed global trade woes for the slowdown.

“For most countries, it has become more difficult to deliver on the promise of greater prosperity, because the global economic weather is beginning to change,” she said, in prepared remarks for a speech in Washington, D.C. on Monday.

“A year ago, I said, “the sun is shining—fix the roof.” Six months ago, I pointed to clouds of risk on the horizon. Today, some of those risks have begun to materialize,” she said, adding that growth is becoming “less synchronized” with fewer countries taking part in the expansion.

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