IMF's Georgieva is on the wires saying:
Real economies are functioning. Labor markets are quite strong
We swee sharp increae in uncertainty, but fundamentals are still quite strong
We do recognize that there is significang change in economic conditions, expect to see policy pivots in other areas including tax
Asked by people are expecting recession, says its important to reduce whatever feeds into this perception quickly
Financial markets are holding up despite all the nervousness.
Negative perceptions can affect economic recovery
Financial system holding despite all this nervousness
India is now reducing non-tariff barriers, which is very healthy for the economy
Strong U.S. economy is a stabilizer for the rest of the world
Good to see elements of U.S. pro-growth agenda moving forward
Asked about rising tensions between U.S. and China, says both parties have grievances
Would like to see a reduction in uncertainty
Important that the result is a fairer, rule-based global trading system
We see a global slowdown, need to reduce uncertainty so businesses can plan
EU should take this moment to finish work on single market.
Trade tensions will force countries to focus more on regional trade.
Likely to see more bilateral agreements.
Asked about inflation, says doesn't expect big swing in either direction.
Saw ECB rate cut, they risk to see increasing cheap goods from other places.
Says we are not prejudging where tariffs will land, may be some places where tariffs go down.
Comments are somewhat positive given global uncertainties on trade and tariff.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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