World economy at a 'very dangerous juncture': IMF chief

The world economy is at a "very dangerous juncture", IMF chief Christine Lagarde said yesterday referring to the potential impact on poorer nations during her first visit to Africa as head of the fund.

"Currently the world economy stands at a very dangerous juncture," Lagarde told a roundtable on Africa's economic future in the Nigerian city of Lagos.

The International Monetary Fund managing director spoke of a crisis of confidence with high unemployment and slowing global growth. LAGOS, AFP