Christine Lagarde spoke of the "delicate moment" of the global economy

Christine Lagarde, Executive Director of the International Monetary Fund, warned that the global economy "It's a delicate moment" and this could have an impact in emerging countries, such as Argentina.

"Only two years ago, 75% of the world economy He had a rebound. This year, we estimate that 70% will experience a slowdown (due to) increased trade tensions and tightening financial conditions in the second half of 2018, "he said in a preview of the IMF's Spring Meetings and the World Bank.

The official predicted that if these conditions are more rigid "could cause serious difficulties for many governments and businesses in terms of refinancing and debt service. "This would be magnified by" exchange rate fluctuations and corrections on the financial markets. "Among the emerging economies likely to be affected are those of Brazil, among others.

Lagarde pointed out that the IMF projected global growth in January of about 3.5 percent for 2019 and 2020, one of the lowest percentages in recent years. "Since then, growth continues to lose momentum"he said.

Despite this, the highest official of the IMF said that she did not see "a short-term recession". "We anticipate that global activity will benefit from a more patient monetary normalization rate in the major central banks, led by the US Federal Reserve and a heightened recovery in China," he said.

According to his vision, the causes of the crisis are the two main global commercial offers. The first is the UK's difficulty in applying Brexit and doubts about its future, which has seen more political complications in recent weeks. The second is the US-China fight for markets that has distorted financing rates, which has directly affected emerging markets.

For its part, the World Trade Organization (WTO) has reported that global trade will increase by 2.6% in 2019, four tenths less than in 2018. However, he estimated that "if trade tensions are eased", trade "could rebound and increase by 3% by 2020".