New IMF chief says trade tensions could cut global GDP by 700 bln USD

Kristalina Georgieva, the new chief of the International Monetary Fund (IMF) delivers a speech in Washington D.C., the United States, on Oct. 8, 2019. Trade disputes are taking a toll on global economy, substantially weakening manufacturing activity and investment and holding back economic potential, Kristalina Georgieva said on Tuesday. (Xinhua/Liu Jie)