By Ayomide Otitoju
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that new tariffs imposed by the United States present a “significant risk” to global economic growth.
In a statement released Thursday, Georgieva expressed concern about the impact of the escalating trade tensions. “These tariffs clearly represent a significant risk to the global outlook at a time of sluggish growth,” she said, urging the US and its trade partners to seek a constructive resolution.
Georgieva cautioned against actions that could further destabilize the global economy and noted that global growth projections—previously estimated at 3.3%—remain below the 3.7% average recorded in the early 2000s. The IMF is expected to release an updated global economic outlook later this month.
