His head Monetary fund He warned that the global economy would slow down due to the unrest of world trade from US President Donald Trump’s duties, but was not expecting a recession.

Speaking on Thursday before the IMF meeting next week in Washington, IMF Director General Cristalina Georgieva said that the strengthening of protectionism powered by US President Donald Trump’s diplomacy with threat dictatorial It will cause expensive uncertainty, slow down activity and limit productivity.

“Trade continues, but disorders are costly,” he said, according to Bloomberg. “Our new growth forecasts will include remarkable reductions, but not a recession”, while in some countries there will be an increase in inflation.

It is noted that the IMF is expected to publish the new forecasts for the global economy on Tuesday. The finance ministers and central bankers are gathering in Washington to evaluate the global environment that has been shaken by Trump’s attempt to rearrange world trade and isolate the leading opponent China.

A Degradation for 2025 by the IMF would follow other recent prospects, including a World Trade Organization report on Wednesday, which is awaiting shrinking world trade this year, which is largely responsible for the US.

HSBC economists have reduced their forecasts for global growth this year to 2.3%this week, compared to previous estimates for 2.5%and 2.7%.

The danger of Washington’s commercial policy brings a significant shift from the IMF’s prospects earlier this year, when it upgraded its prediction to increase world GDP for 2025 to 3.3% shortly before Trump’s swearing -in due to the better American growth.

“Global economic integration has made a huge number of people out of poverty and has made the world all in better shape. But not everyone benefited, “he said, noting the transfer of jobs to lower wages and inflation powered by disorders in supply chains. “Many blame the international economic system for injustice in their lives.”

The IMF chief, who has been in her second five -year term for about seven months, said countries should use this opportunity to take measures to create a “more balanced and durable” world economy.

China has to boost private consumption, he said, while Europe has to take advantage of its work on the single market, especially on its capital markets, and follow the example of Germany by spending more on defense and infrastructure. For the US, the “basic challenge of macroeconomic policy” is to reduce public debt.