Kristalina Georgieva, the new president of the International Monetary Fund (IMF), warned today that the global economy is “synchronizing slowdown” if governments fail to resolve trade conflicts and support growth. Will deteriorate.
In his inauguration speech, George Ava, who took office on the 1st, said that trade tensions have “substantially weakened” global manufacturing and investment activities.
“There is a significant risk that services and consumption may soon be affected.”
She pointed out that the cumulative impact of trade conflicts may mean that global gross domestic product (GDP) will be reduced by $700 billion by 2020.