The world economy is “better than feared”, slowing only slightly this year and next, while global trade appeared more resilient than expected, although it may still deteriorate as the full impact of higher US tariffs kicks in, major international organizations have said.
“How is the world economy coping? Short answer: better than feared, but worse than we need,” IMF Managing Director Kristalina Georgieva said at a curtain-raiser event on Wednesday ahead of the annual meetings of the IMF and the World Bank next week in Washington.
In her speech, Georgieva seemed to frame next week”s agenda around one unifying challenge: steering a global economy undergoing historic transformations — technological, demographic, geopolitical and environmental — through an era where uncertainty is “the new normal and it is here to stay”.
“As our World Economic Outlook will…
