Imf's Georgieva Unveils Recommendations To Navigate Trade War

The IMF has significantly downgraded its projections for global growth in the wake of major trade policy shifts and the world economy is now facing a "major test" says the managing director of the IMF.

Speaking to the press at the IMF/World Bank Spring Meetings in Washington DC, Kristalina Georgieva said countries have been put in a difficult situation because economic safeguards have been depleted by the shocks of recent years.

In a downbeat World Economic Outlook earlier this week, the IMF projected that global growth will drop to 2.8 in 2025 and 3 in 2026 due to the announcement of "a series of new tariff measures by the United States and countermeasures by its trading partners."

The difficult backdrop, Georgieva told the press, has created urgency for action requiring countries to strengthen their economies in a world of rapid change.

Georgieva said the IMF has outlined in their Global Policy Agenda document what she called three overarching priorities that member states should address to navigate the turmoil.