Reported 1 day ago
The IMF's Managing Director Kristalina Georgieva announced that rising trade tensions and changes in the global trading system would lead to downward revisions in economic growth forecasts, but no global recession is expected. Increased tariffs and retaliatory measures by countries have increased uncertainty and volatility in financial markets. Georgieva warned that prolonged uncertainty could impose significant costs, while also calling for cooperation among nations to maintain a resilient global economy amidst these challenges.
Source: YAHOO