Global: IMF chief warns of a 'lost decade' for global economy

The head of the International Monetary Fund, Christine Lagarde, has warned that the global economy is at risk of being plunged into a 'lost decade'. Lagarde said the ongoing debt crisis in Europe has resulted in an uncertain outlook for the global economy. The IMF chief added that whilst efforts to solve the crisis were heading in the right direction, more needed to be done to restore confidence.