World economy at a 'very dangerous juncture': IMF chief Lagarde

LAGOS : The world economy is at a "very dangerous juncture", IMF chief Christine Lagarde said on Tuesday referring to th

Published December 20, 2011 Updated December 20, 2011 09:43am

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By Imad Uddin

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"Currently the world economy stands at a very dangerous juncture," Lagarde told a roundtable on Africa's economic future in the Nigerian city of Lagos.

The International Monetary Fund managing director spoke of a crisis of confidence with high unemployment and slowing global growth.

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