IMF Managing Director Kristalina Georgieva said on Thursday that new US tariffs pose a "significant risk to the global outlook" and urged the United States to work with its trading partners to ease tensions.
This was her first statement following President Donald Trump’s latest round of global tariffs, which have intensified a trade war feared to push the world into recession and increase inflation.
"The tariffs clearly represent a significant risk to the global outlook at a time of sluggish growth," Georgieva said in a statement. She added, "It is important to avoid steps that could further harm the world economy."
The IMF chief called on the US and its trading partners to "work constructively to resolve trade tensions and reduce uncertainty." This comes as the IMF prepares to release its updated global growth forecast later this month, ahead of the Spring Meetings in Washington. In January, the IMF projected global growth at 3.3% for 2019, below the 3.7% average growth rate of the first two decades of the 21st century.
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