The global economy is holding up better than expected despite major shocks such as United States President Donald Trump’s tariffs, but that resilience may not last, the head of the International Monetary Fund (IMF) says.

“Buckle up,” Managing Director Kristalina Georgieva said in a speech at the Milken Institute think tank on Wednesday. “Uncertainty is the new normal, and it is here to stay.”

Her comments come on a day when gold prices hit $4,000 an ounce for the first time as investors seek safe havens from a weaker dollar and geopolitical uncertainty. She spoke before the IMF and World Bank hold their annual meetings next week in Washington, DC. Trump’s trade penalties are expected to be in sharp focus when global finance leaders and central bankers gather.

The global economy is fore

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