US tariffs to weaken global economy, trigger inflation, not recession: IMF

Quick Summary:

The world economy's resilience is being tested by the reboot of the global trading system that threatens to cause turbulence in financial markets, Georgieva said.

The IMF's Managing Director, Kristalina Georgieva, said Thursday that the Trump administration's sharp increases in duties have caused global uncertainty to spike.

Surging US tariffs will weaken the global economy and push up inflation this year, according to projections to be released next week by the International Monetary Fund.

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Category: BusinessFinance

Markets: IndiaChina

Topics: Global economy International trade Trump tariffs Inflation IMF US tariffs Trade policy Recession

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-18 @ 06:58:08 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 633 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 27970698

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