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IMF Chief Cautions On Harmful Impact Of Inequality

IMF Managing Director Christine Lagarde sounded the trumpet on rising income disparities for the second time this month, in a speech at Stanford University. This comes after also b... More IMF Managing Director Christine Lagarde sounded the trumpet on rising income disparities for the second time this month, in a speech at Stanford University. This comes after also broaching the issue during a lecture at the BBC. She said "Rising inequality and economic exclusion can have pernicious effects," pointing to IMF research that shows income gaps can lead to slower and less sustainable growth. The World Economic Forum also warned this month that the chronic gap between rich and poor is getting wider, posing the single biggest risk to the world this year. Less

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