IMF chief says global economic uncertainty is the new normal

"Buckle up,"

"Uncertainty is the new normal and it is here to stay."

"But before anyone heaves a big sigh of relief, please hear this: Global resilience has not yet been fully tested. And there are worrying signs the test may come. Just look at the surging global demand for gold,"

"the full effect is still to unfold. In the U.S., margin compression could give way to more price pass-through, raising inflation with implications for monetary policy and growth."

"We're the king of being screwed by tariffs,"

The worldwide economy is forecast to grow about 3% this year, supported by decisive policies, private-sector adaptation, and tariffs that have so far proved less severe than feared. Resilience remains untested and surging demand for gold signals increasing risk aversion. U.S. tariffs on many trading partners have created global uncertainty and could have delayed effects: margin compression may shift into price pass-through, raising inflation and influencing monetary policy and growth. Select trade frameworks have been announced with some countries, but persistent uncertainty and geopolitical tensions could still undermine economic momentum.

Read at Fast Company