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U.S.-China trade deal to ease global uncertainty -IMF chief


U.S.-China trade deal to ease global uncertainty -IMF chief
File photo Image Credit: Flickr

The signing of a Phase 1 trade agreement between the United States and China will reduce - but not eliminate - uncertainty that has dampened global economic growth, IMF Managing Director Kristalina Georgieva said on Friday. Speaking at an event at the Peterson Institute for International Economics, Georgieva declined to give an adjusted global economic forecast, saying that it would be released on Monday at the World Economic Forum in Davos, Switzerland.

But she said the IMF expected the trade deal would ensure that China's gross domestic product expands by 6% in 2020, and she had shared that forecast with Chinese Vice Premier Liu He during a meeting this week.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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