Bloomberg Talks IMF Managing Director Kristalina Georgieva Talks US Trade War
Apr 23, 2025
Kristalina Georgieva, Managing Director of the International Monetary Fund, shares her insights on the looming risks of a global recession due to the ongoing US-led trade war. She emphasizes the IMF's critical role in ensuring financial stability amidst rising tensions and warns against trade disputes that may lead to economic uncertainty. Georgieva stresses the importance of international collaboration to navigate these challenges and highlights the dire need for coherent strategies to address potential tariffs and their impact on global growth.
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Trade Drives Global Growth
- Trade serves as a vital engine for global economic growth.
- When trade slows or reverses, it directly dampens global growth projections, including for the US.
Uncertainty Heightens Recession Risk
- Trade tensions and tariff uncertainty raise the risk of recession, including in the US.
- Reducing uncertainty through dialogue is crucial to improve economic projections.
Resolve Trade Disputes Quickly
- Countries should engage in dialogue to resolve trade differences.
- Reducing uncertainty is essential because it harms business and economic growth.