WASHINGTON (Sputnik) — The global economy is in recovery, but growth remains irregular, International Monetary Fund (IMF) Managing Director Christine Lagarde said on Thursday.
“Global recovery continues, but it is moderate and uneven,” Lagarde stated during her speech to the Atlantic Council in Washington, DC.
The global economy experienced 3.4 percent growth in 2014, which Lagarde stated was in line with the average growth in the last three decades.
Lagarde noted that while advanced economies have experienced some growth and tangible recovery from the last decade’s financial crisis, “in some parts [of the world] people don’t feel it.”
The IMF and the World Bank will be holding their annual spring meeting in Washington, DC next week. At that time the IMF will release its revised World Economic Outlook.
