IMF’s Georgieva: US-China Truce ‘Not Good Enough’
October 17, 2019
The partial trade deal between the United States and China is welcome news but does not undo the trade war’s negative impact on the global economy, IMF chief Kristalina Georgieva said Thursday.
“It’s really good news that the US and China are talking to each other,” she told reporters at the start of the International Monetary Fund annual meeting. But “it’s not good enough.”
The IMF calculates the full effect of the tariffs and retaliation already imposed and threatened would cut the global economy by 0.8 percent.