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“Buckle Up,” Managing Director Kristalina Georgieva Say in a language in a mind tank on Wednesday. “Uncertainty is the new normal and here to stay.”
His Milken Institute comments come in a day when the gold price is Hit $ 4,000 an ounce for the first time While investors seeking safe haven from a weak dollar and the geopolitical uncertainty and before the IMF and World Bank hold their annual weeks’ meetings. Trump’s trading penalties are expected to be in sharp study when financial leaders in global and central bankers gather.
The economy all over the world is predicted to grow 3% this year, and Georgieva is discussing many reasons why it does not run out of low politics and the nations that are not very severe and the tariffs are proven to be less severe and the tariffs are not very severe.
“But before anyone sighs, please hear this: The world’s strength has not been tested. And there are miracles to be tested.
In Trump’s tariffs, he said that the “full effect is still stretching. In the US, the compression of margin can have further crossing policy and growth policy.”
The Republican administration imposes import taxes of almost all US trading partners in April, including Canada, Mexico, Brazil, China and even smaller country in Africa In Lesotho. “We are the king of the tariffs,” says Trump on Tuesday at the Oval Office at a meeting of the Prime Minister of Canada Mark Carney.
As the US announced some trading frameworks with countries such as United Kingdom and Vietnam, tariffs make uncertainty around the world.
“Everywhere, the flooding of things set in the US market may prompt a second round of tariff rise tariffs,” says Georgieva.
The Supreme Court of the next month will hear arguments about Trump have authority to execute Some of his tariffs under international economic economic power are moving.
In his wide words, Georgieva is referred to Youth Drink All over the world many young people find a future where they earn less than their parents.
“Young people took their disappointment with the streets from five to Rabat, from Paris to Nairobi, from Kakandu to Jakarta, everyone asked better opportunities,” he said. “And here in the US, the chances of growing up to earn more than your parents Keeps Falling and here too, discontent has been evident – and it has helped precipitate the policy revolution that is now unfolding, reshaping and many international frameworks.”
He also calls for more internal Asian trading, more African business changes and more European competition.
For the United States, Georgieva urges the government to resolve federal debt and urge to save home.
The national debt is the total amount of money debt to the federal government of its creditors. Federal debt increases from $ 380 billion in 1925 to $ 37.64 trillion by 2025, according to Data in Treasury Department.
Congress Budget Office Reported to July New Trump Tax and Law Spending Law adds $ 3.4 trillion to a total of up to 2034.
The IMF is an organization that lends 191 seeking to improve worldwide growth and financial strength and reduce poverty.
