'Storm' might strike global economy, warns IMF as growth slows down

Christine Lagarde cites what she called 'four clouds' as the main factors undermining the global economy and warned that a "storm" might strike.

The International Monetary Fund on Sunday warned governments to gear up for a possible economic storm as growth fall short of expectations.

"The bottom-line -- we see an economy that is growing more slowly than we had anticipated," IMF Managing Director Christine Lagarde told the World Government Summit in Dubai.

Last month, the IMF lowered its global economic growth forecast for this year from 3.7 per cent to 3.5 per cent. Lagarde cited what she called "four clouds" as the main factors undermining the global economy and warned that a "storm" might strike.

The risks include "trade tensions and tariff