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.
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
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Trump’s trade war is sending the global economy into shock, the International Monetary Fund reported Tuesday.
America is no longer a safe place to park your investments, Wall Street tells Trump | Business
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The IMF warns that scaling back international cooperation could jeopardize the global economy.
IMF Warns of Lower Growth, Higher Inflation as Tariffs, Trade Wars Erode Global Economic Prospects
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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
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Some signs of nervousness remain in financial markets.
Wall Street rallies and recovers most of Monday’s slide as the dollar and US bond market steady
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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
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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 News·24d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.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
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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
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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
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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
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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
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Trump’s advisors dismissed the warning from Powell as more evidence of what they see as the Fed chair’s bias against the administration’s economic agenda.
Trump Blasts Fed Chair Powell as ‘Major Loser,’ Questions Political Motives Behind Rate Decisions
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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’
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Trump: Federal Reserve's Powell 'Major Loser'
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Summary
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
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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