A tariff war would have an adverse effect on the global economy, the International Monetary Fund has said
The International Monetary Fund (IMF) has warned that a potential escalation of the tariff dispute between the US and Western Europe over Greenland could harm global economic growth.
Pierre-Olivier Gourinchas, the IMF’s chief economist, offered words of caution on Monday during the launch of the updated World Economic Outlook (WEO) report.
“If we were to enter a phase in which there were escalation, and tit-for-tat policies, that would certainly have an even more adverse effect on the economy,” he said. Gourinchas argued that “there are no…
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