WASHINGTON: International Monetary Fund Managing Director Kristalina Georgieva expressed hope on Friday for a US-China agreement that prevents a disruption in rare earths flow to the global economy.
She warned that such restrictions would have a material impact on global economic growth.
Georgieva made these comments during a press conference at the annual IMF and World Bank meetings in Washington.
She stated that a rare earths cutoff would exacerbate uncertainty and damage an already weakened global growth outlook.
The IMF chief noted there remains a sense of anxiety because world economic performance falls below necessary levels.
She described a very dark cloud of uncertainty that continues to weigh heavily on global prospects.
Georgieva characterized this persistent uncertainty as having become the new normal for the global economy. – Reuters
