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The International Monetary Fund, which holds its spring meetings in Washington this week, is due to update its global outlook on Tuesday. The question is whether policy makers are still clinging to hopes of stabilization, or if optimism has completely faded. IMF Managing Director Christine Lagarde has hinted at the latter, saying the world is in a “precarious” position and the OECD's latest composite leading indicator suggests there's been an easing momentum in most major economies, including the U.S., the U.K., Canada, and the euro area.
To contact the reporter on this story: Zoe Schneeweiss in London at zschneeweiss@bloomberg.net
To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Piotr Skolimowski
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