Lagarde warned by the slow growth of the global economy

The Managing Director of the International Monetary Fund (IMF), Christine LagardeHe warned today that the world economy was growing slower due to China's slowdown and trade tensions, among other factors, and called on governments to fight corruption.

"Trade tensions and tax hikes, financial constraints, uncertainties about Brexit and the slowdown in the Chinese economy" are at the root of the slowdown in the economy. he said on the first day of the World Government Summit is taking place in the United Arab Emirates.

"They have an effect on trade, trust and markets," he added. The managing director of the IMF pointed out that the world economy was going through a period of "transformation" and that the future after the crisis "was still not known," the agency reported. EFE press.

He also took advantage of his intervention to make an appeal to all countries against corruption, stressing that "generates 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 Global Government Summit began today in Dubai with more than 4,000 participants from 140 countries, including heads of state, ministers and officials who met to discuss the future of governments.