Washington: International Monetary Fund Managing Director Kristalina Georgieva on Friday expressed hope for a US-China agreement that would prevent disruption to the flow of rare earths into the global economy.
He warned that such sanctions would have a significant impact on global economic growth.
Georgieva made the comments during a press conference at the annual IMF and World Bank meetings in Washington.
He said the rare earth cutoff would increase uncertainty and harm the already weak global growth outlook.
The IMF chief said a sense of concern remains as world economic performance has fallen below required levels.
He described a very dark cloud of uncertainty that is weighing heavily on global prospects.
Georgieva described this continued uncertainty as the new normal for the global economy. – Reuters
