If inflation is the genie, then deflation is the ogre that must be fought decisively.
Christine LagardeWe draw many benefits from globalization that people take for granted. Poverty has been reduced massively around the world. If you look at the Chinese numbers, it is quite mind-boggling: 700 million people taken out of poverty in a matter of 40 years, the poverty rate having moved from over 30 per cent from hardly six per cent now. That would not have happened if there had not been globalization.
Christine LagardeOf course, trade agreements can be beneficial, but of course they need to avoid infringing on certain areas and respect diversity.
Christine Lagarde