IMF chief says recession is not on the horizon despite tariff worries
- IMF Chief Kristalina Georgieva stated that a recession is not expected, despite potential tariff impacts on growth, as reported on March 31.
- Goldman Sachs estimates a 35 percent chance of a recession within a year due to the impact of tariffs, particularly on the automotive and oil industries.
- The IMF is likely to lower its growth forecast slightly but maintains a positive overall outlook, emphasizing that uncertainty about tariffs poses risks to economic health.
- Georgieva warned about the uncertainty from tariffs that may affect growth, stating, "the longer uncertainty persists... The more it may negatively impact growth".
16 Articles
16 Articles
What impact will Trump's reciprocal tariffs have on global economy? 'Not dramatic,' says IMF chief
US President Donald Trump’s recent tariff moves have raised concerns about their impact on the global economy. However, IMF Chief Kristalina Georgieva believes they are unlikely to cause significant economic damage. She highlighted both the risks and potential benefits of the situation, as markets react to the uncertainty.
"No recession on the horizon", according to the Managing Director of the IMF
The US President's customs duties are not expected to cause a global recession, the Managing Director of the International Monetary Fund (IMF) said on Monday, but expressed concern about the ability of states to deal with new crises.
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