Seventy percent of the global economy is in a slowdown, according to IMF's managing director Christine Lagarde.
div > div.group > p:first-child"> "The growth is losing the momentum that we had hoped for pretty much across the globe. We have 70 percent of the economy that is slowing down," Lagarde said Tuesday in an interview with CNBC's Sara Eisen at the 13th Annual Capital Markets Summit in Washington, DC."The U.S. is not immune to the deceleration anymore."
The markets have been sensitive to global economic data. Stocks posted a strong rally on Monday on strong manufacturing data out of the U.S. and China after taking a hit from weak retail sales and durable goods numbers in March. Adding to the market volatility has been the news coming from the negotiations of a trade deal between China and the U.S.
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