International Monetary Fund chief Christine Lagarde called on Thursday for stronger policies to avoid the low-growth trap, before embarking on her trip to China for the G20 Leaders Summit.
The G20 Summit, to be held in eastern China’s city of Hangzhou on Sept 4-5, is aimed at finding ways to boost global economic growth.
Lagarde said low growth, high inequality and slow progress on structural reforms are among the key issues that G20 leaders will discuss at the gathering.
“This meeting comes at an important moment for the global economy. The political pendulum threatens to swing against economic openness, and without forceful policy actions, the world could suffer from disappointing growth for a long time,” she said in an article dated Sept 1 but released to the press on Wednesday under embargo.