IMF chief Christine Lagarde warned Sunday on CNN’s “State of the Union” that failure to reach a deal to avoid the fiscal cliff would mean no economic growth for the U.S. in 2013.
“If the U.S. economy was to suffer the downside risk of not reaching a comprehensive deal, then growth would be zero,” Lagarde said. “It would be much better to actually have a more comprehensive approach and to deal with all the issues.”
“The real threat that we have at the moment is really here with us,” she said.
