IMF Managing Director Kristalina Georgieva - FILE PHOTO
The International Monetary Fund [IMF] says US President Donald Trump's push for sweeping tariffs is creating great uncertainty and denting confidence but is not likely to trigger a near-term recession.
This was revealed by IMF Managing Director Kristalina Georgieva during an interview with Reuters news agency on Monday.
She said the IMF will likely lower the economic outlook slightly in its next World Economic Outlook update in about three weeks, but added "we don't see recession on the horizon."
The IMF in January nudged up its global economic growth estimate for 2025 to 3.3% from 3.2% in its previous estimate in October, with a half percentage-point upgrade to the U.S. outlook to 2.7?counting for most of that uptick.
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