International Monetary Fund (IMF) Managing Director Christine Lagarde speaks at the School of Advanced International Studies of Johns Hopkins University in Washington D.C., capital of the United States, April 2, 2014. The world economy is turning the corner of the great recession, but obstacles lie ahead to overcome low growth trap, said the head of the IMF on Wednesday. (Xinhua/Yin Bogu)

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IMF chief warns of prolonged subpar growth for global economy

WASHINGTON, April 2 (Xinhua) -- The world economy is turning the corner of the great recession, but obstacles lie ahead to overcome low growth trap, said the International Monetary Fund ( IMF) chief on Wednesday.

"Certainly the global economy has stabilized since the onset of the financial crisis, but the recovery is too weak for comfort," Christine Lagarde, managing director of the IMF, said in a speech at the School of Advanced International Studies of Johns Hopkins University in Washington, ahead of the 2014 IMF-World Bank Spring Meetings. Full story