Home > Business > IMF chief hopes for US-China rare earths deal to avoid 'material impact' on global economy

IMF chief hopes for US-China rare earths deal to avoid 'material impact' on global economy

Written By: TDG Syndication
Last Updated: October 18, 2025 00:27:13 IST

WASHINGTON (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva said on Friday she was hoping for an agreement between the U.S. and China that avoids a cutoff in the flow of rare earths to the global economy, adding that such restrictions would have a "material impact" on growth. Georgieva told a press conference during the annual meetings of the IMF and World Bank in Washington that such a scenario would exacerbate uncertainty and hurt an already weakened global growth picture.   "There is also still a sense of anxiety, because the performance of the world economy is less than we need it to be, and because there is a very dark cloud of uncertainty still holding lower our heads, and that uncertainty has become now the new normal." (Reporting by Andrea Shalal and David Lawder; Editing by Paul Simao)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Latest News

The Daily Guardian is India’s fastest
growing News channel and enjoy highest
viewership and highest time spent amongst
educated urban Indians.

Follow Us

© Copyright ITV Network Ltd 2025. All right reserved.

The Daily Guardian is India’s fastest growing News channel and enjoy highest viewership and highest time spent amongst educated urban Indians.

© Copyright ITV Network Ltd 2025. All right reserved.