Global Order is Changing but Not Fracturing, Says Lagarde

The President of the European Central Bank (ECB), Christine Lagarde, stated that the global order is changing, but she does not believe it is fracturing, contradicting the view of Canadian Prime Minister Mark Carney. Lagarde emphasized that policymakers need to consider alternative plans, but it is not certain that they should talk about a fracture. Lagarde's statement was made at the World Economic Forum in Davos. The President of the ECB argued that the situation requires adaptation and alternatives, but not a radical change of the system. The disagreement with Carney highlights the different approaches to analyzing geopolitical and economic developments. While Carney sees a fracture in the global order, Lagarde prefers to talk about transformation and adaptation.