The global economy has shown resilience, with many countries choosing not to retaliate against U.S. President Donald Trump's tariffs, said IMF Managing Director Kristalina Georgieva. This decision has helped avoid a debilitating escalation of trade barriers, as was discussed at an IMF and World Bank event in Washington.

The IMF's World Economic Outlook report has revised the 2025 global GDP growth forecast to 3.2%, up from an earlier 3.0%. However, potential risks, such as a renewed U.S.-China trade war, remain a threat. The U.S. has reduced its overall effective tariff rate through deals with major partners, helping support global economic growth.

Despite these positive signs, challenges loom, especially in inflated global market valuations, notably in the tech industry. IMF chief econo

See Full Page