{"id":649101,"date":"2017-04-23T04:02:40","date_gmt":"2017-04-23T04:02:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/23\/imf-drops-promise-to-fight-trade-protectionism-warns-on-geopolitical-risks\/"},"modified":"2017-04-23T04:02:40","modified_gmt":"2017-04-23T04:02:40","slug":"imf-drops-promise-to-fight-trade-protectionism-warns-on-geopolitical-risks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/23\/imf-drops-promise-to-fight-trade-protectionism-warns-on-geopolitical-risks\/","title":{"rendered":"IMF drops promise to fight trade protectionism, warns on geopolitical risks"},"content":{"rendered":"

<\/a> After a sunny beginning, IMF drops promise to fight trade protectionism, warns on<\/strong>geopolitical risks:<\/strong> The gathering opened with bright optimism from the often-dour Christine Lagarde, with the Financial Times<\/a> noting the IMF boss saying as the meetings opened, \u201cSpring is in the air and spring is in the economy as well<\/strong>.\u201d The FT quoted two former IMF chief economists as saying that a strengthening global economic recovery is \u201cvery real,\u201d but clouds persist: There\u2019s \u201cvery good reasons to be optimistic about the [global] economy over the next 18 months,\u201d but downside risk, too, from what some see as the Trump administration\u2019s lack of interest in leading the global financial system.<\/p>\n

By yesterday afternoon, we had come full circle in a sense: \u201cInternational Monetary Fund<\/strong>members on Saturday dropped a pledge to fight protectionism amid a split over trade policy<\/strong> and turned their attention to another looming threat to global economic integration: the first round of France's presidential election,\u201d Reuters reports<\/a>, quoting Lagarde as saying, \u201cThere was a clear recognition in the room that we have probably moved from high financial and economic risks to more geopolitical risks.\u201d<\/p>\n

The final communique of the IMF<\/a> also promised that members would not engage in<\/strong>\u201ccompetitive devaluations<\/strong> and will not target our exchange rates for competitive purposes.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

After a sunny beginning, IMF drops promise to fight trade protectionism, warns ongeopolitical risks: The gathering opened with bright optimism from the often-dour Christine Lagarde, with the Financial Times noting the IMF boss saying as the meetings opened, \u201cSpring is in the air and spring is in the economy as well.\u201d The FT quoted two […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-649101","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c3eff749-f279-4d6a-a530-cb18919c993a","order":"0","is_powered_by":true,"section_story_id":"25d5a26c-91c9-41a0-9e60-52e17c84b303","story_type":"1","photo_url":"","photo_position":"above","related_issue":[649093],"teaser":"","voice_url":""},"yoast_head":"\nIMF drops promise to fight trade protectionism, warns on geopolitical risks - 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