**IMF Chief Says US Tariffs Won’t Trigger Recession**
The International Monetary Fund (IMF) has spoken out against the uncertainty created by US President Donald Trump’s push for sweeping tariffs. Despite these concerns, IMF Managing Director Kristalina Georgieva does not believe that a recession is on the horizon.
Georgieva made her comments on Monday, stating that while the tariff worries are significant, they do not pose an immediate threat to the global economy. She emphasized that the US economy remains strong and that other factors, such as low unemployment rates and steady GDP growth, continue to support economic confidence.
The IMF chief’s words come at a time when businesses and investors around the world are grappling with the potential impact of Trump’s tariffs on trade relations between the US and its major trading partners. The uncertainty created by these policies has been weighing heavily on global markets, causing a dip in confidence and dampening investor enthusiasm.
**Initial Signs from US on Digital Deregulation Are Positive**
In related news, Georgieva also expressed initial optimism about the US government’s approach to digital deregulation. Speaking at a World Governments Summit event earlier this month, she praised Washington’s efforts to create a more favorable business environment for tech companies. While it remains unclear how these policies will be implemented, the IMF chief believes that they could have significant benefits for the global economy.
**Argentina Seeks 40% Disbursement from New Loan**
Separately, the IMF has commented on Argentina’s request for a 40% disbursement from a new loan package agreed upon earlier this year. Georgieva described the Argentine government’s proposal as “reasonable,” indicating that the IMF is willing to consider their request.
**Botswana Aims to Diversify Economy through De Beers Deal**
In other news, Botswana President Mokgweetsi Masisi has announced plans to finalize a deal with diamond mining giant De Beers. The agreement aims to diversify the country’s economy and reduce its reliance on diamond exports. This move comes as part of an effort to strengthen Botswana’s economic resilience in the face of global market fluctuations.
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