IMF forecasts global economy amid trade wars.

IMF forecasts the global economy amid trade wars
IMF forecasts the global economy amid trade wars
The International Monetary Fund (IMF) during the presentation of the World Economic Outlook (WEO) reported a projected decline in economic growth, but not a recession. It was noted that inflation in some countries will increase. According to IMF Managing Director Kristalina Georgieva, global economic stability is currently being tested by the overhaul of the global trading system. Trade policy has become a source of uncertainty, leading to increased risk in financial markets.The head of the IMF noted that China, the EU, and the United States have the most influence on these processes, despite a large portion of their GDP depending on exports. She urged countries to ensure the stability of the global economy.At the same Time, smaller countries with developed and developing markets are overly dependent on trade for their growth, making them more vulnerable to financial conditions. Low-income countries also face the problem of declining aid flows due to internal issues in donor countries, increasing uncertainty and posing threats.

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