Christine Lagarde started her tenure as the President of European Central Bank this month, after Mario Draghi took retirement from the job. Lagarde was the ex IMF head. In her debut speech, Ms Christine:
- Acknowledged that trade tensions and geopolitical uncertainties have dragged the global growth to lower levels.
- Witnessing global shift, mainly propelled by emerging markets.
- There is an ongoing reordering of world trade, as new technologies have disrupted traditional supply chains.
- Europe is required to innovate and diligently invest to reduce long term risks.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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