Trade barriers are costly, but global recession unlikely: IMF chief
Thursday, 17 April 2025 IMF head Kristalina Georgieva says a global recession is unlikely. This is despite trade tensions sparked by US tariffs. However, these trade disruptions will cost significantly. The IMF expects markdowns to global growth. Georgieva urges countries to adjust fiscal policy. She also wants central bank independence. China should boost domestic consumption. The US must address surging public debt.
Trade minister Sarah Jones welcomes positive signals from US Vice President JD Vance on a potential UK-US trade deal but refuses to comment on the state of negotiations. Talks continue amid global economic uncertainty following President Trump’s recent tariffs, which have rattled markets and raised...
Donald Trump has claimed that India is ready to eliminate 100% tariffs on US goods, calling it a major breakthrough. However, India’s external affairs minister S. Jaishankar countered, saying trade..
Xi Jinping warns that “bullying” and “hegemonism” in global trade will backfire, criticizing U.S. trade policies. Speaking at a Latin American summit in Beijing, Xi emphasized that no one wins..
President Donald Trump has announced a major development in U.S.-China trade talks, revealing that China has agreed to “open up” to U.S. businesses and suspend trade barriers. This comes after a..
Thursday, 17 April 2025
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