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ime is running out for policymakers to stop the scars of the 2008 financial crisis from destroying the social fabric of nations, the head of the International Monetary Fund has warned. Christine Lagarde said co-ordinated action was needed to prevent the global economy from slipping into a "new mediocre" of low growth that would be "hard to reverse". While Ms Lagarde stressed that the global economy was not in crisis, she said the outlook had darkened over the past six months, while downside risks had increased.http://www.telegraph.co.uk/business/2016/04/04/time-is-running-out-to-revive-the-global-economy-warns-imf-chief/