IMF warns that US-China trade tensions may cause global economic disruptions and lower output.

The IMF warns that escalating trade tensions between the US and China may lead to significant global economic consequences. Deputy Managing Director Gita Gopinath highlights that increased protectionism could disrupt supply chains and lower worldwide output, while also exerting inflationary pressure. The IMF's World Economic Outlook identifies these trade conflicts as major risks to growth, emphasizing the need for positive US-China relations to stabilize global trade.

October 22, 2024
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