IMF’s Lagarde: "Darker clouds are looming" due to fading fiscal stimulus, rising rates

The International Monetary Fund (IMF) Managing Director Christine Lagarde is out with some comments on the global economic growth during her speech in Hong Kong.

Main Points:

Global growth forecasts next week to show continued optimism.

"Darker clouds are looming" due to fading fiscal stimulus, rising interest rates.

Urges governments to steer clear of all forms of protectionism.

Also urges governments to build fiscal, financial stability buffers.

Says that global uncertainties have significantly increased.