Dhaka, April 19 -- The International Monetary Fund (IMF) has warned that the recent escalation in US tariffs is expected to dampen global economic growth and contribute to higher inflation this year. The projections are due to be officially released in the coming days.
Kristalina Georgieva, Managing Director of the IMF, stated that sharp tariff increases by the Trump administration have heightened global economic uncertainty.
While the resulting trade tensions are unlikely to trigger a global recession, they are expected to hinder growth and contribute to volatility in financial markets.
"The resilience of the global economy is being tested by a reset of the international trading system," Georgieva remarked, noting the risk of ongoing tu...