Reuters quotes International Monetary Fund Managing Director Christine Lagarde from an event hosted by the Atlantic Council:

Christine Lagarde, the managing director of the IMF, first warned in October the global economy could be stuck on a “new mediocre” growth path with high debt and unemployment, unless policymakers act.

“Today, we must prevent that new mediocre from becoming the ‘new reality,'” Lagarde said, according to prepared remarks at the Washington-based Atlantic Council.

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