The IMF leader warned that the economic fallout from trade conflict would fall most heavily on poor countries.

On a global basis, growth was lowered from 3.3% to 2.8% for the whole of 2025, with the IMF saying that tariffs were "a major negative shock to growth."

The Managing Director of the International Monetary Fund, IMF, Kristalina Georgieva, on Thursday urged countries to swiftly resolve trade disputes that threaten global economic growth. Georgieva said the unpredictability arising from President Donald Trump’s aggressive campaign of taxes on foreign imports was causing companies to delay investments