| 7°C Dublin

World entering a dangerous new phase, warns Lagarde

THE IMFchief said that "strong political will" across the world is needed to deal with the current world economic uncertainty.

The head of the International Monetary Fund said that "policy indecision and political dysfunction" had exacerbated the situation, particularly in Europe, the US and Japan. Although global growth is continuing, it is slowing down, Ms Lagarde said.