IMF’s Georgieva is on the wires saying:
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Real economies are functioning. Labor markets are quite strong
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We swee sharp increae in uncertainty, but fundamentals are still quite strong
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We do recognize that there is significang change in economic conditions, expect to see policy pivots in other areas including tax
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Asked by people are expecting recession, says its important to reduce whatever feeds into this perception quickly
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Financial markets are holding up despite all the nervousness.
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Negative perceptions can affect economic recovery
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Financial system holding despite all this nervousness
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India is now reducing non-tariff barriers, which is very healthy for the economy
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Strong U.S. economy is a stabilizer for the rest of the world
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Good to see elements of U.S. pro-growth agenda moving forward
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Asked about rising tensions between U.S. and China, says both parties have grievances
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Would like to see a reduction in uncertainty
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Important that the result is a fairer, rule-based global trading system
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We see a global slowdown, need to reduce uncertainty so businesses can plan
This article was written by Greg Michalowski at www.forexlive.com.
