IMF expects ’notable markdowns’ in growth forecasts, but no global recession By Reuters

IMF Economic Forecasts: The IMF expects downward revisions to global economic growth forecasts due to rising trade tensions and uncertainty from tariffs imposed by the U.S. and retaliatory measures from other countries, but no global recession is anticipated.

Impact of Protectionism: Kristalina Georgieva warns that protectionist policies harm innovation and productivity, especially in smaller economies, and emphasizes the need for cooperation among nations to strengthen the global economy amidst increasing challenges.