Following the announcement of U.S. president Donald Trump imposing reciprocal tariffs on every U.S. trade partner, the head IMF issued a statement regarding the concern over its impact on the global economy.
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, stated that the announced tariff measures pose a significant risk to the global economy, which is currently facing sluggish growth.
She now urged the U.S. and other trading partners to look into a way to resolve trade tensions, reduce uncertainty and avoid further harming the global economy.
Georgieva stated that the IMF is now evaluating the macroeconomic implications, and will release an update on World Economic Outlook at the time of the IMF/World Bank Spring Meetings, which will be held on April 21 to 26 at Washington, D.C., capital city of the U.S.
