IMF Optimistic on U.S.-China Economic Dialogue Amid Global Pressures

The International Monetary Fund (IMF) expressed optimism on Thursday regarding the initial positive discussions between U.S. President Donald Trump and Chinese President Xi Jinping. It highlighted the importance of reducing tension and uncertainty between the world's two largest economies for the global good.

IMF spokesperson Julie Kozack, at a news briefing, applauded the constructive dialogue between the U.S. and China, adding that resolving trade tensions through bilateral talks rather than unilateral measures is beneficial for both economies and the global market.

Economic pressures, including the Middle East conflict and Iran's closure of the Strait of Hormuz, which has driven crude oil prices above $100 per barrel, are influencing the IMF's economic outlook. The Fund's adverse scenario projects global GDP growth to dip to 2.5% this year, highlighting the necessity of the U.S.-China economic engagement.

(With inputs from agencies.)