IMF's Georgieva is on the wires saying:

  • Real economies are functioning. Labor markets are quite strong

  • We swee sharp increae in uncertainty, but fundamentals are still quite strong

  • We do recognize that there is significang change in economic conditions, expect to see policy pivots in other areas including tax

  • Asked by people are expecting recession, says its important to reduce whatever feeds into this perception quickly

  • Financial markets are holding up despite all the nervousness.

  • Negative perceptions can affect economic recovery

  • Financial system holding despite all this nervousness

  • India is now reducing non-tariff barriers, which is very healthy for the economy

  • Strong U.S. economy is a stabilizer for the rest of the world

  • Good to see elements of U.S. pro-growth agenda moving forward

  • Asked about rising tensions between U.S. and China, says both parties have grievances

  • Would like to see a reduction in uncertainty

  • Important that the result is a fairer, rule-based global trading system

  • We see a global slowdown, need to reduce uncertainty so businesses can plan

  • EU should take this moment to finish work on single market.

  • Trade tensions will force countries to focus more on regional trade.

  • Likely to see more bilateral agreements.

  • Asked about inflation, says doesn't expect big swing in either direction.

  • Saw ECB rate cut, they risk to see increasing cheap goods from other places.

  • Says we are not prejudging where tariffs will land, may be some places where tariffs go down.

Comments are somewhat positive given global uncertainties on trade and tariff.

Source: Forex Live