NEWSMAKER IMF's Georgieva: Recession not on the horizon despite tariff worries
WASHINGTON, March 31 (Reuters) - U.S. President Donald Trump's push for sweeping tariffs is creating great uncertainty and denting confidence but is not likely to trigger a near-term recession, International Monetary Fund Managing Director Kristalina Georgieva said on Monday.
"We are not seeing a dramatic impact" yet from the tariffs implemented and threatened so far by Trump since his return to the White House, Georgieva said in a Reuters NEXT Newsmaker interview. The IMF will likely slightly lower the economic outlook in its next World Economic Outlook update in about three weeks, but "we don't see recession on the horizon."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Independent
28 minutes ago
- The Independent
This airline was named No.1 in North America in the ‘Oscars of Aviation' ... and Donald Trump isn't going to like it
Donald Trump may not like hearing this, but Air Canada has been rated the best airline in North America for 2025. That's according to the Skytrax World Airline Awards — known as the 'Oscars of Aviation' — which has placed what Trump might call the '51st state's' namesake carrier in first place in its North America ranking, ahead of Delta Air Lines in second and Porter Airlines in third. The rest of the top five rounds out with United Airlines (fourth) and JetBlue (fifth). Air Canada has also had success in the World's Best Business Class Airline Lounge for Dining category, with the Toronto Pearson Signature Suite claiming gold. And Canada triumphs in the Best Leisure Airlines category, with Montreal-based Air Transat coming top for the third consecutive year, ahead of the UK's Tui Airways (second) and Turkey-based SunExpress (third). "Receiving this award for the seventh time and third year in a row is an honour for everyone at Air Transat," said Pamela Lloyd-Bergeron, Air Transat Director In-Flight Service. "It reflects our dedication to delivering excellent service and memorable journeys for our passengers." Globally, however, North America fares badly, with Air Canada only managing 19th in the global ranking, which is topped by Qatar Airways for the ninth time. The rest of the global top five comprises Singapore Airlines (second), Cathay Pacific (third), Emirates (fourth) and ANA All Nippon Airways (fifth). Turkish Airlines is named the Best Airline in Europe, as well as winning the award for World's Best Business Class Onboard Catering. Qatar Airways also wins the Best Business Class category, with Singapore Airlines claiming the top podium spot for the First Class ranking. Edward Plaisted, CEO of Skytrax, said: "We welcomed back a large number of previous winners and were also delighted to see new faces and airlines represented here today. North America's top 10 airlines for 2025 Air Canada Delta Air Lines Porter Airlines United Airlines JetBlue Airways Alaska Airlines Air Transat Breeze Airways WestJet Allegiant Air The world's top 20 airlines for 2025 Qatar Airways Singapore Airlines Cathay Pacific Emirates ANA All Nippon Airways Turkish Airlines Korean Air Air France Japan Airlines Hainan Airlines Swiss Int'l Air Lines EVA Air British Airways Qantas Airways Lufthansa Virgin Atlantic Saudi Arabian Airlines STARLUX Airlines Air Canada Iberia As is indicated by so many former winning airlines being awarded again, quality consistency is clearly well recognised by customers when they vote for these airlines." The awards were given out at a gala ceremony held today at the Paris Air Show, with the results produced by a global customer satisfaction study.
Reuters
an hour ago
- Reuters
G7 leaders agree on strategy to protect critical mineral supply, draft document says
KANANASKIS, Alberta, June 16 (Reuters) - Group of Seven leaders on Monday provisionally agreed on a strategy to help protect the supply of critical minerals and bolster their economies, according to a draft statement seen by Reuters. The draft, which a source said had not yet been approved by U.S. President Donald Trump, also said minerals markets should reflect the real costs of responsible extraction, processing, and trade of critical minerals. China's decision in April to suspend exports of a wide range of critical minerals and magnets disrupted supplies needed by automakers, computer chip manufacturers and military contractors around the world. Trump last week said Chinese President Xi Jinping agreed to let rare earth minerals and magnets flow to the United States. Rare earths and other critical minerals, though, remain a source of leverage for Beijing. "Non-market policies and practices in the critical minerals sector threaten our ability to acquire many critical minerals," the draft said. "Recognizing this threat to our economies, as well as various other risks to the resilience of our critical minerals supply chains, we will work together and with partners beyond the G7 to swiftly protect our economic and national security." This included anticipating critical minerals shortages, coordinating responses to deliberate market disruption, and diversifying mining, processing, manufacturing, and recycling, it said.
Daily Mail
an hour ago
- Daily Mail
Starmer and Trump to hold ‘one-on-one' talks at G7
Keir Starmer confirmed today that he will hold one-to-one talks with Donald Trump this week as he seeks to pressure the erratic president to seal a UK/US trade deal. The Prime Minister said that the agreement will be top of the agenda when he sits down with Trump at the G7 in Canada. Sir Keir insisted the deal would be done 'very soon' amid reluctance on the US side to sign off the finished version of a framework unveiled six weeks ago. It will see British tariffs on steel and automotive exports to the US slashed in exchange for greater access to the UK for some American goods. However, the White House said the meeting would be an informal 'pull aside' rather than full bilateral talks. Speaking at the resort of Kananaskis in Alberta, Sir Keir insisted the deal was in the 'final stages'. 'I'll be discussing that with President Trump, along with another number of other things', he said. 'I'll be having a one-on-one with him. I think I'm seeing him on a number of occasions today, because we're in all of the sessions together. 'So I'll be having a lot of conversations with President Trump, but we will be talking about our trade deal, because the trade deal, because that really matters for the vital sectors that are safeguarded under our deal, and so we've got to implement that now.' Sir Keir and Ukrainian president Zelensky will this week try to pressure Donald Trump to hit Russia with fresh sanctions if Vladimir Putin continues to resist calls for an unconditional ceasefire in Ukraine. The Prime Minister said targeting Moscow with further action would 'undoubtedly' form part of talks at the international summit this week unless the Kremlin engages in peace talks. Mr Zelensky is expected to attend the conference in Canada , where leaders from the world's major economies are descending on a luxury mountain lodge in the Rockies for talks on global security. Sir Keir faces a busy week of diplomacy with spiralling conflict in the Middle East and the war in Ukraine top of the agenda in the talks between leaders from Canada, the US, France, Italy, Japan, Germany and Britain. It comes as the Foreign Office advised against all travel to Israel following further retaliatory attacks by Iran. Downing Street has not ruled out moving to evacuate UK nationals from the country if the situation deteriorates. In his first bilateral meeting at the summit, the Prime Minister and his Italian counterpart Giorgia Meloni reiterated their 'enduring support' for Kyiv. '(They agreed) that it is a topic of our common security that they looked forward to discussing in the next two days,' a Downing Street readout said, describing the conference as coming at a 'vitally important moment for the world'.
