IMF: Georgieva warns of global trade tensions

Trade disputes must be resolved. » IMF Managing Director Kristalina Georgieva’s message is clear: global trade tensions are threatening already weakened growth.

At a press conference in Washington, on the sidelines of the spring meetings of the IMF and World Bank, she pointed to a massive increase in uncertainty linked to trade policies, against a backdrop of volatile markets and tighter financial conditions.

As a result, companies are no longer investing, households **are saving instead of consuming, and the global economy **is becoming more sluggish.

For the IMF boss, there is an urgent need to restore cooperation between major trading powers. A rapid agreement would be the only way to reduce costly uncertainties and reactivate growth.

A strong signal at a time of heightened tensions between Washington, Beijing and Brussels, against a backdrop of sanctions, surtaxes and heightened technological competition.

source: Le Figaro