US & China trade deal allays global uncertainty, says IMF Chief
by SOURAV D | VIEW 436
Late on Friday, the 17th of January 2020, the International Monetary Fund (IMF), a Washington-based sister-organization of World Bank that fosters growth and economic cooperation the countries across the globe, said in a statement that the signing off of the “Phase One” trade deal between Washington had Beijing could ease a whirlpool of uncertainty that the global financial markets had been witnessing more than a year and a half.
On top of that, adding a cautious tone over the partial trade agreement between the United States and China that signed off on Wednesday (January 15th), IMF Chair Kristalina Georgieva was quoted saying to the reporters late on Friday (January 17th) in Washington that the trade worries would unlikely to go away, but “Phase 1” trade agreement was proffering a momentary cushion to global economy.
Besides, while being asked about a broad-based narrative of the global economy following Sino-US “Phase 1” trade deal, which several analysts and economists had branded as an illusion to ease market tensions, the IMF Chief Kristalina Georgieva declined to comment adding she would provide an updated outlook for the global economy as early as on Monday (January 20th) at the Economic Forum in Davos, Switzerland.