WORLD NEWS: US TARIFFS A ‘SIGNIFICANT RISK’ TO GLOBAL ECONOMY – IMF CHIEF
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Agency Report
New US tariffs “clearly represent a significant risk to the global outlook,” said IMF chief Kristalina Georgieva on Thursday, and she encouraged Washington to cooperate with its trading partners.
The IMF chief made the first comment following President Donald Trump’s most recent global tariff offensive, which intensified a trade war that many fear would trigger inflation and a global recession.
The International Monetary Fund’s chief said in a statement that the tariffs “clearly represent a significant risk to the global outlook at a time of sluggish growth.”
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“It is important to avoid steps that could further harm the world economy,” Georgieva added.
“We appeal to the United States and its trading partners to work constructively to resolve trade tensions and reduce uncertainty.”
The Washington-based institution in January said global growth was expected to hit 3.3 percent this year, which is below the average global growth rate in the first two decades of the 21st century of 3.7 percent.
The IMF will publish its new outlook later this month in time for the Spring Meetings in Washington in which the unprecedented US trade tariff onslaught will be on the top of the agenda.
AFP
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