Global Economy Insights: IMF Chief discusses uncertainties and policy pivots

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

This article was written by Greg Michalowski at www.forexlive.com.