Global Economy Likely To Avoid Recession Despite Tariffs: IMF Chief

The global economy is likely to avoid a recession despite the hit to growth from US President Donald Trump’s tariff rollout, the head of the International Monetary Fund said Thursday. 

While trade disruptions will inevitably “incur costs,” the Fund now expects “notable” markdowns to growth but no recession, IMF Managing Director Kristalina Georgieva told reporters in Washington on Thursday, according to prepared remarks.

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