OR world economy It showed resistance to an initial wave of trade disorders, said Kristalina Georgieva, the head of the International Monetary Fund (IMF), but warned that no complacency prevailed, as financial markets and growth can worsen quickly without proper policies.
Speaking today Wednesday (8.10.2025) before the IMF and World Bank’s annual meetings in Washington next week, Georgieva said that “all signs show a global economy that has generally withstanding intense pressures.”
Forecasts for recession earlier this year were not verified, he said, and global growth will slow down slightly in 2025 and 2026. Many economies have yielded “better than we were scared, but worse than we need”, he added.
“People have avoided a mutual slip in trade war – so far,” Georgieva said in a speech in the US capital. “However, the open economy has suffered a big blow.”
With China “slowly slowing down”, medium-term growth rates are now about 3% compared to 3.7% before the Covid-19 pandemic.
Concerning duties, it was added to those who argue that the financial impact of President Donald Trump’s policies will take more time to see: “The complete result has not yet been revealed.”