Trump proclaimed a national economic crisis and introduced tariffs of a minimum of 10% across all nations.
Washington:
IMF President Kristalina Georgieva stated on Thursday that the new US tariffs “clearly pose a notable risk to the global perspective,” calling on Washington to collaborate with its trade allies.
This was the first statement from the IMF leader following President Donald Trump's recent global tariff attack that escalated a trade conflict, raising concerns about a potential global recession and increasing inflation.
The tariffs “clearly pose notable risks to the global outlook during a period of slowing growth,” the International Monetary Fund leader remarked in a statement.
“It is crucial to refrain from actions that might further damage the global economy,” Georgieva remarked.
“We urge the United States and its trading partners to engage cooperatively to alleviate trade challenges and lessen uncertainty.”
The Washington-based organization anticipates global growth to hit 3.3% this year, which is below the average global growth rate of 3.7% observed in the initial two decades of the 21st century.
The IMF is set to release updated forecasts in time for a spring meeting in Washington later this month.
(Except for the headline, this report has not been modified by NDTV staff and is published by Syndicate Feed.)
