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Christine Lagarde, managing director of International Monetary Fund (IMF), speaks at Georgetown University in Washington, D.C., U.S., on Thursday, Oct. 2, 2014. The global economy needs bold policies to avoid a "new mediocre" period of sluggish growth as the world struggles with a disappointing recovery six years after the financial crisis, Lagarde said. Photographer: Andrew Harrer/Bloomberg via Getty Images

Christine Lagarde, managing director of International Monetary Fund (IMF), speaks at Georgetown University in Washington, D.C., U.S., on Thursday, Oct. 2, 2014. The global economy needs bold policies to avoid a "new mediocre" period of sluggish growth as the world struggles with a disappointing recovery six years after the financial crisis, Lagarde said. Photographer: Andrew Harrer/Bloomberg via Getty Images