The global economy has held up “better than feared” despite tariff-induced turbulence, but risks remain, the head of the International Monetary Fund said Wednesday. Kristalina Georgieva said the US economy in particular has softened, but has avoided the recession that many feared earlier this year when President Donald Trump unveiled his steep import duties. Other global financial chiefs have similarly pointed to unexpected resilience, with nations skirting an escalating, tit-for-tat trade war that threatened to hobble markets.
Author: J.D. Capelouto
Published at: 2025-10-08 22:29:08
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