Christine Lagarde
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Lagarde: No country's economy is immune from rising risks

IMF head Christine Lagarde has said the world economic outlook is "gloomy" and no country is immune from rising risks.

She said all nations, starting with Europe, needed to head off a crisis with risks of a global depression.

"There is no economy in the world immune from the crisis that we not only see unfolding but escalating," she said.

Wendy Urquhart reports.

  • 16 Dec 2011