Christine Lagarde, International Monetary Fund (IMF) managing director, said in a recent speech that the global economy is showing multiple positive signs, although more work is needed to ensure continuing growth, including policies that will reinvigorate productivity and build inclusive growth.
“When the benefits of growth are shared more broadly, growth is stronger, more durable, and more resilient,” she said.
Lagarde also summarized where progress has been most visible. The manufacturing sector has been a significant contributor to the improved outlook. “For advanced economies, the outlook has improved with stronger manufacturing activity,” Lagarde said.
