– Credible measures are needed to reduce deficit without hurting the fragile economic recovery, International Monetary Fund Chief Christine Lagarde said Friday night.

In an interview with French television channel TF1, Lagarde said the IMF was in favor of such “credible and sustainable” measures.

She also said further co-ordination is required between regulators across the world to prevent a repeat of the recent financial market turbulence.

Lagarde was speaking from Jackson Hole, Wyoming.

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