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Alexandria Ocasio-Cortez’s favorite economic theory derided by IMF chief Christine Lagarde as no ‘panacea’

Christine Lagarde has poured cold water on the viability of an esoteric economic theory popularized by US Representative Alexandria Ocasio-Cortez.
Christine Lagarde, head of the International Monetary Fund (IMF), attends a conference at the Cannes Lions Festival in Cannes

IMF: Clouds over the global economy are ‘darker by the day’

The managing director of the IMF, Christine Lagarde has warned that clouds accumulating on the horizon of the global economy are “getting darker by the day.”