IMF Managing Christine Lagarde says global economy recovering from recession, but pace is slowing. Crude oil prices react with 2 percent drop in early Monday trading. UPI/Kevin Dietsch NEW YORK, Sept. 28 (UPI) — Expectations from the International Monetary Fund of a weakening global economy pushed crude oil prices down more than 2 percent in early Monday trading. IMF managing director Christine Lagarde told French newspaper The Echoes the global economy was recovering from the latest recession, but the pace is decelerating . “A global gross domestic product of 3.3 percent this year is no longer realistic. A forecast of 3.8 percent for next year is not either,” she said. “We still remain above the 3 percent threshold.” A surplus of crude oil on the international market and weak demand has pushed crude oil prices to historic lows. Brent crude oil was down 2.1 percent in early Monday trading […]