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Lagarde's warning comes as global financial leaders gathered in Washington for the annual meetings of the IMF and its sister lending organization, the World Bank.Prior to Lagarde's warning, foreign finance leaders already had raised questions about how the Trump administration would pursue its "America First" policies and whether they would harm the global economy with rising protectionist trade pressures or market disruptions from increased tensions with North Korea and other nations.But the new IMF outlook does not include any assumptions regarding Trump’s trade plans, such as potential tariffs on Mexican and Chinese goods, as there seems to be less of a political consensus surrounding them, Obstfeld said.The IMF does assume a stronger dollar, firmer oil prices and “more inflationary pressure and a less-gradual normalization of U. monetary policy.” While stronger oil and commodity prices have improved the picture for oil exporters including Nigeria, higher interest rates and tighter financial conditions will negatively affect many emerging market economies, including Mexico and Brazil.The Fund said China’s reliance on stimulus, rapid expansion of debt and slow progress in dealing with corporate debt “raises the risk of a sharper slowdown or disruptive adjustment.” India, which has recorded some of the world’s strongest recent growth, is experiencing a shock to consumption from the government’s decision to withdraw larger currency notes from circulation, chopping a full percentage point off the IMF’s fiscal 2016-2017 growth outlook to 6.6 percent.The Fund trimmed its fiscal 2017-2018 forecast for India to 7.6 percent from 7.2 percent.The IMF raised its 2017 forecasts for the euro zone and Japan by 0.1 percentage point each, largely because of stronger-than-expected results in the second half of 2016.

The data cover the external debt of developing and transition countries and territories, and also include statistics on international reserves. This GDP series (GDP2011) is a history and forecast series.

IMF Managing Director Christine Lagarde warned that global financial leaders need to beware of a number of threats from growing political tensions to increased skepticism about the benefits of globalization and rising levels of income inequality.

Lagarde said it will be important for finance ministers from the IMF's 189-member countries to focus on addressing these threats at a time when the global economy appears to finally be in a sustained recovery following the deep recession caused by the 2008 financial crisis.

On Thursday, European Central Bank chief Mario Draghi defended the ECB's aggressive easy-money campaign to revive the economy of the 19 countries that share the euro currency.

He said the measures, which include a massive bond-buying program meant to push down interest rates, had helped create 7 million jobs over the last four years.

WASHINGTON (Reuters) - The International Monetary Fund on Monday said the U. economy would grow faster than previously expected in 20 based on the incoming Trump administration’s tax and spending plans, but it kept its global growth forecasts unchanged due to weakness in some emerging markets.

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