Worrisome Trend of Rising Trade Restrictions Threatens Global Growth, Says IMF Director
The IMF Perspective
A tripling of global trade restrictions over the past year highlights an 'embracement of industrial policy willy-nilly everywhere,' signaling a perilous shift in trade dynamics.
Risk to Global Growth
The unchecked escalation of tariffs poses a significant threat to the stability and prosperity of the global economy, raising concerns about the sustainability of growth.
IMF Director's Warning
IMF Director Kristalina Georgieva emphasizes the urgent need for concerted efforts to address the repercussions of the indiscriminate imposition of trade barriers on economic development.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.