IMF warns world to avoid global trade war
The world economy could contract by the size of the combined French and German economies, if there is a broad-based trade war between the world’s major economies, the International Monetary Fund (IMF) has told the BBC. It comes as concerns are heightened ahead of the possible re-election of Donald Trump.
Tariff surge would damage global growth, IMF warns
It’s a policy that is harming basically everyone,” Pierre-Olivier Gourinchas, the IMF ’s top economist, said of the risk of higher trade barriers. “It’s harming the rest of the world. It’s harming the US.
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