The IMF's Kristalina Georgieva warned that the ongoing conflict in the Middle East exacerbates an already fragile global economic outlook, strained by US-imposed trade tariffs. Georgieva notes that a trade war has reduced global growth projections by half a percentage point and contributed to increasing uncertainty affecting business. Despite the troubling environment, she maintains that the global economy remains resilient and urges countries to implement internal reforms to enhance economic strength and adaptability in this new landscape of heightened uncertainty.
"We live in a more shock-prone world, a world of higher uncertainty. For this world, countries need to work hard to be more resilient. Do reforms at home that would make your economies stronger."
"Being hit by a trade war has consequences. We have projected a decline in global growth by half a percentage point. What we witness now is more turbulence in the Middle East, which adds to uncertainty and therefore is bad for business."
Collection
[
|
...
]