Market power wielded by US tech giants concerns IMF chief

Christine Lagarde feels 'too much concentration in hands of the few' does not help economy

The head of the International Monetary Fund, Christine Lagarde, has expressed concern about the market power wielded by the US technology giants and called for more competition to protect economies and individuals.

Speaking at a press conference to mark the start of the IMF's spring meeting in Washington, Lagarde said breaking up companies was not the solution, but added that her organisation was monitoring their impact on prosperity, financial stability and the workplace.

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