Trade wars are likely to dominate discussions in Washington
despite new leader’s passion on inequality and climate crisis
The world’s finance ministers and central bankers will be in
Washington this week for the annual meetings of the International
Monetary Fund and World Bank amid growing concerns that the global
economy is heading towards stagnation.
Predictions of a sharp downturn fill policymakers with anxiety,
knowing that job losses and lower tax revenues can only lead to
social unrest. Last week the IMF’s new leader, Kristalina
Georgieva, asked nations involved in tit-for-tat trade wars if they
dare ignore warnings of the most serious threat to the global
economy since the financial crisis.
Source: FS – All-News2-Economy
Georgieva’s brave new agenda at IMF threatened by economic storm clouds