Washington : The International Monetary Fund (IMF) welcomed the positive dialogue between US President Donald Trump and Chinese President Xi Jinping, saying reduced tensions between the world’s two largest economies would support the global economy.
IMF spokesperson Julie Kozack said constructive dialogue between the two countries would help ease trade tensions and reduce uncertainty, which would benefit both economies and the global economy.
She added that geopolitical pressures continue to affect the global economy and have contributed to rising oil prices, which could exceed $100 per barrel under some scenarios.
Kozack said continued geopolitical tensions could slow global growth to around 2.5%, while inflation expectations remain relatively stable over the medium term and global financial conditions continue to be accommodative.
