IMF Photo/Cory Hancock
In a speech before the IMF and World Bank's spring meeting, Ms. Georgieva highlighted the increase in U.S. tariffs. "When colossal powers confront each other directly, smaller nations become entangled in the conflicts. China, the EU, and the US - even with comparatively low import levels in GDP - are the top three importers globally. Their behavior influences the entire world," she stated.
She added that global trade tensions are increasing the prices of goods worldwide, and remarked that limiting imports negatively impacts productivity efficiency over time. Ms. Georgieva stated that some nations might also encounter shortages of specific products.
For price stability, monetary policy needs to be both flexible and credible. She mentioned that nations ought to also focus on both internal and external macroeconomic disparities anew, and described the advancement of collaboration in a multipolar world as the top and most pressing priority in efforts to maintain the sustainability of the global economy.
source: imf.org
She added that global trade tensions are increasing the prices of goods worldwide, and remarked that limiting imports negatively impacts productivity efficiency over time. Ms. Georgieva stated that some nations might also encounter shortages of specific products.
For price stability, monetary policy needs to be both flexible and credible. She mentioned that nations ought to also focus on both internal and external macroeconomic disparities anew, and described the advancement of collaboration in a multipolar world as the top and most pressing priority in efforts to maintain the sustainability of the global economy.
source: imf.org