Trade war is a vibrator. Get “your homes in order”, urges the International Monetary Fund – my country

as International Monetary Fund (International Monetary Fund) Slower projects and high inflation for some countries, the organization’s president has a blatant warning to all countries: Get your “homes in order”.

Crystalina Georgiviva’s administrative warning, as the International Monetary Fund is scheduled to lead its global economic forecast next Tuesday, which she said will show that despite the presence of “noticeable discounts” in growth, there will be no recession.

This does not mean, however, that the countries will not face difficulties.

“All countries must double the efforts made to put their own homes,” she said in the text of her speech in the United States on Thursday. “In a world of high uncertainty and repeated shocks, there is no room for delay in reforms to enhance economic and financial stability and improve growth capabilities.”

The comments come three months after the second period of US President Donald Trump, whose protectionist policies and widespread definitions shook the world markets and raised concerns about the possible global recession.

Georgiviva’s comments have noticed the issues that came in recent months.

She, said, “Understanding is expensive,” saying that the cost of one element can be affected by definitions in dozens of countries and lead to the postponement of investment decisions, fluctuations in financial markets, and even questions that the port ships must sail.

She added that protectionism “erosion of productivity in the long run, especially in the smaller economies.”

“Ultimately, trade -like trade: When countries put obstacles in the form of tariff barriers and non -barriers, the flow shift,” she said. “Some sectors in some countries may be drowned with cheap imports; others may see a shortage. Trade continues, but the disturbances bear costs.”

In the uncertainty, Georgiviva urged countries to control financial policies in order to reduce debt levels when necessary, while maintaining their “graceful and credible” monetary policies.

In the past weeks since the last Trump tour appeared in the definitions, some central banks seem to follow the waiting and retreat approach.

Canada Bank on Wednesday It did not reduce its standard priceWhile keeping it by 2.75 percent, with the bank saying in a statement that the main shift in American commercial policy and the inability to predict the tariff raises increased uncertainty, decreasing the prospects for economic growth and inflation expectations.

US Federal Reserve Chairman Jerome Powell also He said in Wednesday notes It is possible that it is possible to stop before the interest rates are reduced amid concerns about inflation and the identification effects.

The Bank of England also warned last week that the tariff in Trump increased the risk of the strike for the global economy.

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“The very important priority” is that countries should renew the focus on correcting the internal and external macroeconomic imbalances, although they admitted that it might be difficult.

The Director of the International Monetary Fund continued to recommend that the three “largest actors” – China, the European Union and the United States – take their own actions.

With China, the International Monetary Fund for the country recommended to communicate its industrial policies and “the participation of the country spread” in the industry, while enhancing the “chronic low” consumption.

While the International Monetary Fund notes that the American economy has witnessed a strong growth of productivity, it must work to put its federal government debts on a “decline” path, which Georgiviva says will require significant cuts in deficit.

She also said that the European Union should focus on “firm financial expansion” by Germany to facilitate spending on defense and infrastructure, while the mass must improve by “deepening the unified market.”

Georgiviva says flexibility is being tested by “restarting” the global trading system and must be done on commercial policy.

She said: “The goal should be to secure a settlement between the largest players who keep openness and provide a more-level stadium-to restart a global trend towards low customs tariff rates while reducing non-household barriers and deformities.”

“We need a more flexible global economy, not a division.”

– With files from Global News’ Uday Rana and Assocated Press

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