The Straits Times
Published on Jan 18, 2013

IMF chief Lagarde warns more global recovery work needed


WASHINGTON (AFP) - International Monetary Fund (IMF) chief Christine Lagarde warned on Thursday that more efforts were needed to get the global economy back on track.

"We stopped the collapse, we should avoid the relapse, and it's not time to relax," Ms Lagarde said at a news conference at the multilateral institution's Washington headquarters.

"There's still a lot of work to be done." The IMF managing director, while pointing to signs of economic improvement, noted deterioration on the jobs front, which she called "critical from an economic point of view but also from a social point of view".

"We need growth for jobs and jobs for growth," she said.