June 26, 2025
He makes these comments amid waning public approval of his performance in office
The dollar, US Treasuries and shares have bounced from steep declines last month as Trump's erratic tariff policies drove fears of a recession
However, investors remain concerned about the potential for a global recession
Hong Kong's Hang Seng index slumped about 9% with tech, solar, banking and online retailers' shares plunging as investors pull out of anything linked to global growth and trade
Safe-haven assets rise; gold near record high, dollar weakens
The IMF will likely lower the economic outlook slightly in its next World Economic Outlook update in about three weeks, but "we don't see recession on the horizon," Georgieva said