Lagarde warned by weak growth in the global economy

"Trade tensions and tax increases, financial constraints, uncertainties regarding Brexit and the slowdown in the Chinese economy" are at the root of the slowdown in the economy, held on the first day of the World Government Summit, held in the United Arab Emirates.

"They have an effect on trade, trust and markets," he added.

The Managing Director of the IMF stressed that the world economy was going through a period of "transformation" and that the future after the crisis "remained unknown," the Efe news agency reported.

He also used his speech to call on all countries to fight corruption, stressing that "breeds mistrust and slows the growth of the economy".

"Trust is at the heart of economic relations," he said, calling on states "not to ruin their economies, to implement transparency and to adopt good government policies," said Lagarde.

"Governments must not only improve the economies of countries, they must also improve the quality of life of their citizens," he said.

The seventh session of the 2019 World Summit of Governments kicked off this Sunday in Dubai with more than 4,000 participants from 140 countries, including heads of state, ministers and officials who met to discuss the issue. the future of governments.