International Monetary Fund (IMF) Managing Director Christine Lagarde urged nations to focus on real economy and on growth that can deliver jobs.
Speaking at a news conference in Washington on Thursday, Lagarde said policymakers have more work to do to and cannot revert to business as usual, though they succeeded in avoiding an economic collapse following the global financial crisis.
She said in euro area, continued monetary easing is needed to sustain demand. Also, progress needs to be made on banking union. "For the United States, all sides should pull together in the national interest, reaching agreement on time on increasing the debt ceiling and on medium-term debt reduction," she added.
Emerging market economies should rebuild their buffers against crisis effects, while low-income countries need to grow at a pace that is sustainable, Lagarde said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.