US EditionUS, Global Economic Outlook Worsens in the Face of Trump's Tariffs, IMF Says
- The IMF predicts global economic growth will slow to 2.8% this year, a decrease from its January forecast of 3.3% due to tariffs imposed by the Trump administration.
- U.S. Economic growth is projected at 1.8%, down from 2.7%, with a 40% chance of a recession, as stated by the IMF.
- China's economic growth forecast is reduced to 4%, impacted by U.S. Tariffs, which affect economies globally, as noted by the IMF.
- The IMF warns that heightened uncertainty from tariffs could disrupt supply chains, as companies slow investment and spending.
247 Articles
247 Articles
'Totally unrealistic': Economics expert scoffs at Trump's trade promise
The Cato Institute's Scott Lincicome quickly poured cold water over the White House’s rosy picture of the international trade war President Donald Trump unleashed with his sweeping set of tariffs.White House Press Secretary Karoline Leavitt on Tuesday told reporters during a news briefing that the T...
How to take on Trump’s ‘unhinged’ politics
With the world still reeling from Donald Trump’s tariffs, the International Monetary Fund (IMF) has slashed the UK’s growth forecast and says the global economy will see a “significant slowdown” – add to that, wars in Europe and the Middle East, climate change and the promise and peril of AI. So is it possible to find hope amongst this constant chorus of doom and gloom? One person who thinks they have an answer is Rutger Bregman, a progressive h…
Analyst: Administration at ‘war with itself’ over tariff plans, despite talks
The White House is locked in “a war with itself” over whether to make President Trump’s worldwide “reciprocal” tariffs permanent or lower them as it forges bilateral trade deals, an economist says, adding that the administration is unlikely to keep negotiating if it cannot secure at least a few “real” agreements by the end of a 90-day pause on the duties. During an April 21 Federalist Society webinar on “The Art of the Tariff,” Gordon Hanson, th…
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