IMF Sees Growth Hurt By Trade Tensions, Rules Out Recession
Rising trade tensions and sweeping shifts in the global trading system will trigger downward revisions of the International Monetary Fund’s economic forecasts but no global recession is expected, IMF Managing Director Kristalina Georgieva said on Thursday.
Georgieva said countries’ economies were being tested by a reboot of the global trading system – sparked in recent months by U.S. tariffs and retaliation by China and the European Union – that had unleashed “off the charts” uncertainty in trade policy and extreme volatility in financial markets
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