IMF chief says recession risk rises if uncertainty drags on

IMF chief Kristalina Georgieva. — Bloomberg

Washington: The head of International Monetary Fund (IMF) has warned that the chances of global recession will rise if uncertainty over a US-led trade war continues to drag.

While the Washington-based fund doesn’t currently forecast such a downturn, the impact of tariff threats has created a level of uncertainty that’s “off the charts”, IMF chief Kristalina Georgieva said in a Bloomberg Television interview.