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IMF Warns of Slower Growth and Inflation Risks, Calls for Global Trade Reforms

Despite U.S. tariffs disrupting markets, the IMF projects no recession and urges nations to strengthen fiscal policies and adapt to a multipolar trading system.

International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks with moderator Maria Bartiromo (not pictured), ahead of the IMF/World Bank Spring Meetings, at the IMF headquarters in Washington, D.C., U.S., April 17, 2025. REUTERS/Leah Millis
ILLUSTRATION - 09 April 2025, Berlin: Chinese yuan banknotes are sandwiched between several US dollar bills. Photo: Fernando Gutierrez-Juarez/dpa (Photo by Fernando Gutierrez-Juarez/picture alliance via Getty Images)
Countries are increasingly seeking to improve trading relations with regional and like-minded partners, International Monetary Fund Managing Director Kristalina Georgieva told AFP
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Overview

  • IMF Managing Director Kristalina Georgieva confirmed slower global growth and higher inflation projections due to U.S. protectionist policies but ruled out an impending global recession.
  • Georgieva emphasized the need for countries to strengthen fiscal positions, maintain credible monetary policies, and address macroeconomic imbalances to enhance economic stability.
  • The IMF called for a new trade settlement among major economies to reduce tariffs, eliminate non-tariff barriers, and preserve global openness.
  • Recommendations include China reducing state intervention and boosting private consumption, the U.S. addressing its rising federal debt, and the EU deepening its single market with targeted fiscal expansion.
  • Georgieva urged nations to embrace a multipolar trade environment by fostering regional and plurilateral agreements to sustain economic resilience.