The IMF warns that trade tensions continue to cloud the global economic outlook, with uncertainty remaining high despite some increased trade and improved financial conditions. Gita Gopinath, IMF First Deputy Managing Director, stated that the fund will update its global forecast in late July, expecting a slight upward revision from previous cuts in growth forecasts. Gopinath emphasized the need for countries to resolve trade tensions and implement policy changes to address domestic imbalances. Capital flows to emerging markets and developing economies remain sluggish but resilient, with financing conditions tight for many borrowers. The IMF reiterated the importance of timely and efficient debt restructuring mechanisms, calling for more work on the issue, including allowing middle-income countries to access the G20’s Common Framework for Debt Restructuring.

Read more at Yahoo Finance: IMF eyes revised global forecast, but warns trade tensions still cloud outlook