IMF Says Global Economy Slowing on Trade ‘Reboot’ But Avoiding Recession
The IMF is scheduled to release new forecasts in its World Economic Outlook on Tuesday.
Photographer: Jim Watson/AFP/Getty ImagesTakeaways NEW
The head of the International Monetary Fund warned that the global economy will slow due to the US-led world trade “reboot,” but a recession isn’t in the forecast.
Speaking Thursday ahead of the IMF’s spring meetings next week in Washington, Managing Director Kristalina Georgieva said the surge in protectionism fueled by US President Donald Trump’s tariff-threat diplomacy will stoke costly uncertainty, slow activity and stunt productivity.