Christine Lagarde, managing director of the International Monetary Fund, called for moving the world into a “full-speed recovery” at a news conference on Thursday at the opening of the fund’s annual spring meetings with its sister institution, the World Bank.
Ms. Lagarde, echoing an earlier warning, expressed concern about what she called a “three-speed” global economy, with developing nations growing rapidly, the United States healing faster than most other advanced industrial countries, but Europe continuing to suffer from insufficient demand and incomplete government policies.
“It’s not the healthiest recovery,” Ms. Lagarde said. But “we believe that we have avoided the worst, and the economic world no longer looks quite as dangerous as it did.”
She added: “The pickup in financial conditions, financial markets, is clearly not translating into a sustained pickup in growth and jobs.”