Washington : Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said on Monday that while U.S. President Donald Trump’s efforts to impose sweeping tariffs have created significant uncertainty and affected confidence, a near term recession remains unlikely.
Georgieva noted during a forum interview that no sharp economic impact has been observed so far, and the IMF does not currently anticipate a looming recession.
She indicated that the IMF is expected to make a slight downward revision to its global economic outlook in the upcoming update of the World Economic Outlook report, which is scheduled to be released in about three weeks.
The IMF had previously raised its global growth projection for 2025 to 3.3%, up from 3.2% in its October estimate, mainly due to a 0.5% increase in the growth forecast for the United States, bringing it to 2.7%.
