"The world economic outlook at the moment is not particularly rosy. It is quite gloomy," IMF chief Christine Lagarde told an audience in Washington last night.
It was a remarkably doom laden speech in which she noted current trends like protectionism, echoed "what happened in the 1930s." She also reiterated her view that the euro zone crisis was a crisis for the world to work together to solve. It has the potential to bring the global economy to a crashing halt and bring on another Great Depression.
Some video of the speech is here.