Georgieva admits that trade disruptions "entail costs" and that the fund now expects "significant" downturns in growth – but no recession.
She says this in a speech in Washington on Maundy Thursday ahead of next week's meetings arranged by the IMF and the World Bank.
This is a reminder that we live in a world of sudden and profound changes, says Georgieva about the recent volatility on the market.
Her comments suggest that the IMF will use its upcoming report to revise its previous forecast that the global economy would grow by 3.3 percent this year and in 2026.
In trade policy, the goal must be to reach an agreement between the largest actors that preserves openness and creates more fair competitive conditions, she says.
