IMF Chief: Global Economy Resilient Despite Trade Tensions

IMF Managing Director Kristalina Georgieva reported that the global economy has demonstrated resilience against initial trade disruptions, though she cautioned against complacency. Speaking ahead of next week's IMF and World Bank annual meetings in Washington, Georgieva noted that while recession forecasts from earlier this year did not materialize, global growth is expected to slow slightly in 2025 and 2026. She specifically mentioned that the world has avoided a trade war so far, but economic openness has nonetheless been significantly reduced.