IMF first deputy managing director David Lipton warned that “the next recession is somewhere over the horizon, and we are less prepared to deal with that than we should be”, and “less prepared than in the last” crisis in 2008.
And he urged that “given this, countries should be paying attention to keeping their economy on a level trajectory, building buffers and not fighting with each other.”
Lipton also noted that “China is clearly slowing down — we think China’s growth has to slow, but keeping it from slowing in a dangerous way is an important objective.”
