25 sources·Business

Global Economic Growth Forecast Deteriorates Amid Trump’s Tariffs

The IMF downgraded U.S. and global economic growth forecasts, citing rising recession risks linked to ongoing trade tensions and tariffs.

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  1. IMF forecasts slower U.S. economic growth in 2025, pointing to escalating trade war

    The majority of economists polled in a recent Bankrate survey said that trade policy and policy uncertainties could be the factors that ultimately trigger a recession.

    IMF forecasts slower U.S. economic growth in 2025, pointing to escalating trade war

    CBS NewsCBS News·10d
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    This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
    ·
    Center
    This outlet is balanced or reflects centrist views.
  2. Trump slows down the world economy: The IMF lowers its global growth forecast

    For now, the uncertainty typical of cycle changes prevails, but one thing seems clear: Trump has slammed the brakes not only on the U.S. economy, but on the global economy as a whole.

    Trump slows down the world economy: The IMF lowers its global growth forecast

    El PaisEl Pais·10d
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    This source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.
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    Leans Left
    This outlet slightly leans left.
  3. IMF drops global economic growth forecast amid uncertainty around Trump's tariffs

    The uncertainty surrounding the Trump administration’s next moves will also likely weigh heavily on the U.S. and global economies, the IMF said.

    IMF drops global economic growth forecast amid uncertainty around Trump's tariffs

    PBS NewsHourPBS NewsHour·10d
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    Leans Left
    This outlet slightly leans left.
  4. US, global economic outlook worsens in the face of Trump's tariffs, IMF says

    The uncertainty surrounding the Trump administration’s next moves will also likely weigh heavily on the U.S. and global economies, the IMF said.

    US, global economic outlook worsens in the face of Trump's tariffs, IMF says

    ABC NewsABC News·10d
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    Center
    This outlet is balanced or reflects centrist views.
  5. US, global economic outlook worsens in the face of Trump's tariffs, IMF says

    The outlooks for the U.S. and global economies have significantly worsened in the wake of President Donald Trump’s tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday.

    US, global economic outlook worsens in the face of Trump's tariffs, IMF says

    Associated PressAssociated Press·10d
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    Center
    This outlet is balanced or reflects centrist views.
  6. Trump tariffs: US forecast to be hit hardest of major economies

    The downgrade to the US growth forecast was due to greater policy uncertainty, trade tensions and slower than expected consumer spending, the IMF said.

    Trump tariffs: US forecast to be hit hardest of major economies

    BBC NewsBBC News·10d
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    Center
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  7. Trump ramps up his attacks on the Fed chair: From the Politics Desk

    Though Trump has long criticized Powell, whom he appointed during his first term, his complaints have ramped up in recent days amid a major market reaction to his tariffs shock.

    Trump ramps up his attacks on the Fed chair: From the Politics Desk

    NBC NewsNBC News·11d
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    Center
    This outlet is balanced or reflects centrist views.
  8. Wall Street and the dollar tumble as Trump repeats attacks on Fed Chair Powell

    All the uncertainty striking pillars at the center of financial markets means some investors say they’re having to rethink the fundamentals of how to invest.

    Wall Street and the dollar tumble as Trump repeats attacks on Fed Chair Powell

    Chicago Sun-TimesChicago Sun-Times·11d
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    Center
    This outlet is balanced or reflects centrist views.
  9. Dow plunges 1,000 points as Trump attacks Fed's Powell, trade uncertainty weighs

    The uncertainty over trade and monetary policy has hit stocks hard this year, with the S&P 500 down more than 15% from its February record high.

    Dow plunges 1,000 points as Trump attacks Fed's Powell, trade uncertainty weighs

    Fox BusinessFox Business·11d
    Mostly Reliable
    This source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.
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    Leans Right
    This outlet slightly leans right.
  10. US stock markets fall again as Trump calls Fed chair ‘a major loser’

    Stock markets had recovered the losses they endured after Trump rolled out his “liberation day” tariffs proposals, which would have imposed huge levies on all of the US’s trading partners.

    US stock markets fall again as Trump calls Fed chair ‘a major loser’

    The GuardianThe Guardian·11d
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    Leans Left
    This outlet slightly leans left.
  11. Trump: Federal Reserve's Powell 'Major Loser'

    There is virtually No Inflation.

    Trump: Federal Reserve's Powell 'Major Loser'

    NewsmaxNewsmax·11d
    Mixed Reliable
    This source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.
    ·
    Right
    This outlet favors right-wing views.
  1. CBS News
  2. CNN
  3. New York Sun
  4. El Pais
  5. Boston Herald
  6. PBS NewsHour
  7. ABC News
  8. Associated Press
  9. BBC News
  10. NBC News
  11. Chicago Sun-Times
  12. Fox Business
  13. Breitbart News
  14. The Guardian
  15. Newsmax

Updated: Apr 22nd, 2025, 12:25 PM ET

Summary

A summary of the key points of this story verified across multiple sources.

U.S. stock markets saw a sharp decline earlier this week, aggravated by President Trump's ongoing criticisms of Federal Reserve Chair Jerome Powell. The IMF has significantly downgraded the economic outlook for the U.S., now expecting growth of just 1.8% this year versus 2.7% previously, with recession probabilities now at 37%. Additionally, global growth is projected to slow down to 2.8%, a notable decline from earlier forecasts. The tariffs imposed have increased uncertainty, prompting cautious investment behavior. Despite a minor market rebound on Tuesday, analysts express concern over the long-term impacts of these trade policies.


Perspectives

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  • U.S. stocks and the dollar have seen significant declines as President Trump intensifies his attacks on Federal Reserve Chair Jerome Powell, labeling him a 'major loser' for his handling of interest rates.

  • Trump's calls for pre-emptive interest rate cuts come amid growing fears of an economic slowdown, driven by concerns over his tariffs and their impact on the market.

  • Speculation mounts around Trump's potential move to fire Powell, which raises questions about the independence of the Federal Reserve and its implications for market stability.


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