IMF: Global Economy ‘Better Than Feared, Worse Than Necessary’

The managing director of the IMF, Kristalina Georgieva, assured this Wednesday that the world economy has behaved “better than feared, but worse than necessary” partly because The impact of the tariffs was less than expected, although global economic uncertainty is “the new normal.”

(Read more: The global effects of TrumpS tariffs, according to a Nobel Prize in economics)

“For the moment, the world has avoided a trade war”Georgieva said at an event in Washington that begins the meetings of the IMF and the World Bank (WB), whose main agenda will take place next week.

In the traditional opening event, the managing director of the IMF announced that the world economic outlook report, which isand will present next weekwill show global growth “which is only slightly slower” for this year and next, because the world has achieved “overcome multiple acute impacts.”

In her opinion, the tariffs implemented by US President Donald Trump after he came to power in January have had a smaller impact than expected and “for now” the world does not has been involved in a trade war.

(read more: IMF and the US coordinate assistance to Argentina)