Global economy must be ready for downturn, says new IMF boss

Kristalina Georgieva spoke of 'huge responsibility' of taking charge amid faltering growth

Bulgaria's Kristalina Georgieva has said the global economy needs to be ready to cope with a fresh economic downturn after being chosen to head the International Monetary Fund (IMF).

The economist said she was taking charge of the Washington-based organisation at a time when growth was slowing, trade tensions growing and with debt at record levels.