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IMF's Lagarde: Markets are in correction, perhaps over-reacting

"You can't help thinking that we are seeing a market correction and perhaps, at this point at least, an over-reaction"

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World financial market turbulence this week looks to be a simple correction, International Monetary Fund chief Christian Lagarde told a conference in Paris on Friday.

"You can't help thinking that we are seeing a market correction and perhaps, at this point at least, an over-reaction," Lagarde told an event at the OECD think tank.