IMF expects ‘notable markdowns’ in economic growth forecasts, but no global recession

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Open this photo in gallery: IMF Managing-Director Kristalina Georgieva attends the 55th annual World Economic Forum meeting, in Davos, Switzerland, on Jan. 24.Yves Herman/Reuters Rising trade tensions and sweeping shifts in the global trading system will trigger downward revisions of the IMF’s economic forecasts but no global recession is expected, IMF Managing-Director Kristalina Georgieva said on Thursday. Georgieva said countries’ economies were being tested by a reboot of the global trading system – sparked in recent months by U.S. tariffs and retaliation by China and the European Union – that had unleashed “off the charts” uncertainty in trade policy and...