“So when I think of the impact on the world economy, my answer to you would be today, it’s too early to say.”
ALSO READ: 27 religious groups sue Trump administration over immigration arrests at houses of worshipGeorgieva said the world economy appeared remarkably resilient, despite a series of unprecedented shocks.
The outlook for inflation was hard to predict, she suggested.
“Even on that, we just need to see how things evolve. Because if we are in the situation in which, in some parts of the world, there is a slowdown that may push central banks to bring interest rates down, that may actually not be inflationary.”
US President Donald Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25%, a move he hopes will aid the struggling industries in the United States but which also risks sparking a multi-front trade war.
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