Meteorologically speaking, spring is usually a welcome relief from cold, dark winter. However on the economic front, at least this year, there is a fear that this spring will bring the US economy back to the dreary days of last year’s recession, which this winter showed signs of recovery.
As Christine Lagarde, the managing director of the International Monetary Fund put it:
“There is a light recovery blowing in a spring wind” with “dark clouds on the horizon.”
Her statement was made at Thursday’s opening of meetings in Washington which will spend much time discussing Europe’s problems and global economic growth. Ms. Lagarde stressed that world leaders should remain diligent and not become complacent.
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