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Most worrisome trend for global economy is ‘willy-nilly’ tariffs policy: IMF director Kristalina Georgieva
The world economy is headed for a soft landing, inflation is going down, and rate cuts are coming, according to Kristalina Georgieva, International Monetary Fund managing director, but she says the rise of trade restrictions, including tariffs, from the world’s largest economies is the “most worrisome” risk to global growth. “Trade is slowing down even more than it would be slowing down otherwise,” Georgieva said during an interview with CNBC “Squawk on the Street” co-anchor Sara Eisen at the CNBC CEO Council Summit in Washington, D.C., on Tuesday. The IMF has tracked a tripling of trade restrictions ... (full story)