International Monetary Fund (IMF) Managing Director Georgieva said in a speech at the non-profit think tank Milken Institute in Washington, D.C. on the 8th that the global economy has been better than expected, but has not reached the "required level". "The resilience of the global economy has not yet been fully tested, and there are worrying signs that a real test may be coming. Georgieva said that the world is currently undergoing profound changes. Geopolitics, technological revolution, demographic changes, and the increasingly severe harm caused by humans to the Earth have led to a sharp and sustained increase in global uncertainty. She believes that 'uncertainty has become the new normal and will continue to do so'. Georgieva said that the full impact of tariff policies has not yet been apparent. In the United States, the compression of corporate profits may raise prices and bring new inflationary pressures. At the same time, a large number of goods originally intended for the US market have been transferred to other countries' markets, which may trigger a 'second round of tariff increases'. Georgieva believes that a loose financial environment masks a "weak trend", and "once valuations experience a significant correction, a tightening financial environment will drag down global economic growth and make the situation particularly difficult for developing countries". Georgieva stated that although global trade is currently being disrupted, most of it is still following rules. She called on countries around the world to uphold the position of trade as an engine of economic growth. The International Monetary Fund predicted in its July World Economic Outlook that the global GDP growth rate for this year will be 3%, which is slightly slower than the growth rate in 2024. The organization will update its economic growth forecast at its annual conference held in Washington from the 13th to the 18th. (New Society)