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International Monetary Fund (IMF) Managing Director Kristalina Georgieva stated that despite the uncertainties and decreased confidence caused by U.S. tariffs under President Trump, a recession is not anticipated in the near future. While the IMF may slightly lower its economic growth estimates, it remains optimistic about the global economy's resilience. Georgieva emphasized the importance of clarity in tariff policies to prevent further negative impacts on growth.
Source: YAHOO