Christine Lagarde’s Asia prescription: “don’t relax”

The head of the IMF, Christine Lagarde, urges Asia to tweak its growth model, but it’s not clear Boao’s delegates fully accepted her message.

Christine Lagarde, managing director of the IMF, says the Asian economic model will continue to perform strongly in 2013, but policies must change to maintain momentum.

Lagarde delivered a fluid address to the Boao Forum for Asia, China’s official annual gathering of politicians and business leaders on Hainan Island.

Perhaps in a sign of the audience’s comfort with Asia’s current direction, most of the questions put to her were about Cyprus. “Do you know the size of Cyprus’s economy within the European Union” she asked at one point.

The fact that the answer is 0.2% didn’t seem to deter...

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