- Kristalina Georgieva, International Monetary Fund managing director, said a soft landing is likely for the global economy as rate cuts “are coming” but the medium-term economic outlook is disappointing.
- She said at the CNBC CEO Summit in Washington, D.C., on Tuesday that the rise of trade restrictions around the globe, led by the U.S., China and European Union, could cost the world economy up to 7% of GDP in a worst-case scenario.
- Up to two-thirds of the tariffs lack justification, according to the IMF head, and that’s in a global economy already expected to post growth that is roughly 1% slower than pre-pandemic levels.
The world economy is headed for a soft landing, inflation is going down, and rate cuts are coming, according to Kristalina Georgieva, International Monetary Fund managing director, but she says the rise of trade restrictions, including tariffs,…
