The International Monetary Fund (IMF) president, Georgieva, said in a speech at the Washington, D.C., non-profit think-tank Milken Institute that the global economy is better than expected, but has not reached the "required level", "the global economic resilience has not been fully tested, and there are worrying signs that a real test may be coming."

Georgieva said that the world is currently undergoing profound changes. Changes in geopolitics, scientific and technological revolution, demographic structure and other factors, as well as the increasingly serious harm caused by mankind to the earth, have led to "a sharp rise in uncertainty and continues to rise" on a global scale. She believes that "uncertainty has become the new normal and will continue to be."

Georgieva said that the full impact of tariff policy "has not yet appeared". In the United States, compressed corporate profits may raise prices and bring new inflationary pressures. At the same time, a large number of goods originally sold for the US market have been transferred to other countries' markets, which may trigger a "second round of tariff increases".

Georgieva believes that the loose financial environment masks the "weak trend" and "will slash global economic growth and make the situation in developing countries especially difficult if valuations fall sharply."

Georgieva said that despite the current disruption of global trade, most of the trade is still conducted in accordance with the rules, and she called on countries around the world to maintain trade as an engine of economic growth.

In its July World Economic Outlook, the International Monetary Fund forecast global GDP growth of 3% this year, a slowdown from growth in 2024. The organization will update its economic growth forecast at its annual meeting in Washington from 13th to 18th.