Rising protectionism, uncertainty threatens global growth: Lagarde: HumSub.TV
Rising protectionism, uncertainty threatens global growth: Lagarde: HumSub.TV: The growing temptation to resort to protectionism and uncertainty in Europe linked to the French elections pose “risks” to the global economy, International Monetary Fund chief Christine Lagarde said Wednesday.
In a speech in Brussels ahead of next week’s Spring meetings of the IMF and the World Bank in Washington, the IMF leader said “there are clear downside risks” to the world economic outlook, including “political uncertainty, including in Europe” and “the sword of protectionism hanging over global trade.”
In an interview with Bloomberg TV, Lagarde pointed to the high level of uncertainty surrounding the French presidential election in less than two weeks, and the German general elections scheduled for the autumn.
She said she worries about either election given that “the track record in the last few months has been the realization of unpredictable results,” including Brexit.
The world economy is experiencing stronger growth but “protectionism is clearly a threat,” she warned.
The risks of US President Donald Trump starting a trade war have declined recently, but if implemented protectionist policies would result in “limited growth, limited productivity, limited investment, limited innovation,” Lagarde said.
She also urged the Trump administration to refrain from naming China a currency manipulator in a Treasury Department report due out later this month, something the US president promised to do on his first day in office.
“You cannot just identify one particular country because the whole system works together. And when the currency goes up somewhere it goes down somewhere else,” she said.
The last semi-annual Treasury report to Congress put China on a watch list for potential currency manipulation to gain a trade advantage, something the country was accused of doing for years. However, in recent years when Beijing has intervened in foreign exchange markets it has been to keep the yuan from weakening.
Rising protectionism, uncertainty threatens global growth: Lagarde: HumSub.TV
About HumSub TV
Introduction
HumSub TV is Pakistan’s leading forwarding-thinking, edutainment channel, aimed at promoting and upholding peace, interfaith harmony and social responsibility within Pakistan through informative and insightful programmes and documentaries; analytical interviews on issues pertaining to social, economic, legal and environmental set-up; dedicated shows to canvass and thereby promote the culture and heritage of Pakistan and in-depth coverage of national and international news.
HumSub TV is the first channel and thus a pioneer within its own right that mainly focuses on emphasising the “Rights” as well as the “Obligations” of the citizens in light of the Constitution of Pakistan, numerous International declarations signed by the Government and various laws that have been promulgated over the years but are not in the knowledge of the common citizen.
HumSub TV also aims to enter into bilateral agreements with other countries to promote not only their culture, heritage and tourism, but also their educational and medical facilities.
Following the successful launch of HumSub TV’s head office in Blue Area, Islamabad; the bureau office has been set up in Lahore.
Vision
To project positive image building of Pakistan and inculcate nationalism, as per the vision of the founder of the nation, Quaid-e-Azam Mohammad Ali Jinnah.
Mission
HumSub TV is resolute about the promotion of a pluralistic, inclusive and egalitarian society in Pakistan where all citizens are allowed to contribute to promote interfaith harmony, peace and collective wisdom in the social, political and economic development of Pakistan and to encourage critical and lateral thinking in the society. HumSub TV strives to make a positive contribution to this end.
HumSub TV’s Theme
HumSub TV, Pakistan’s first EDUTAINMENT Channel, has been set up for not only those audience residing in Pakistan or overseas but the international community on the whole. The vision of the channel is to project positive image building of Pakistan and inculcate nationalism as per the vision of the founder of the nation.
HumSub TV strives to make a positive contribution to this end by promoting pluralism, inclusiveness and egality in Pakistan and give voice to the suppressed. It endeavors to act as a positive catalyst for social change and Pakistani nationalism. It envisions providing a platform for airing critical and lateral thinking and collective wisdom by inviting positive minded intellectuals and opinion forming individuals for the promotion of interfaith harmony and peace in the social, political and economic development of Pakistan.
Whereas the channel airs upbeat edutainment programmes, it, nonetheless, has the primary objective of countering negative anti-Pakistan regional and international propaganda as well as advancing fundamental rights as encapsulated in the Constitution of Pakistan.
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