The International Monetary Fund praised the productive talks between Donald Trump and Xi Jinping, noting that easing trade friction between the world's two biggest economies would support worldwide economic health, Reuters reported Friday.

Spokesperson Julie Kozack emphasized that lowering trade tensions and uncertainty serves the interests of both nations and the broader global market, according to the report.

Kozack also cautioned that the ongoing conflict in the Middle East, which is keeping crude prices over $100 per barrel, is steering the world economy into the IMF's "adverse" projection, slashing global growth to 2.5% versus the expected 3.1%, Reuters wrote.

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