Source: International Business Times
International Monetary Fund Managing Director Kristalina Georgieva, seen in October 2024, said the IMF is likely to cut its growth outlook due to trade ucnertainty, according to prepared remarks AFP The global economy is likely to avoid a recession despite the hit to growth from US President Donald Trump's tariff rollout, the head of the International Monetary Fund said Thursday. The stop-start US tariff plans have fueled levels of market volatility unseen since the Covid-19 pandemic, and most economists expect the imposition of new import levies will stifle growth and push up inflation, at least in the short term. Trade disruptions "incur costs," IMF Managing Director Kristalina Georgieva told reporters in Washington on Thursday according to prepared remarks, adding that the Fund now expects "notable" markdowns to growth but no recession.
