Economists from JPMorgan and Goldman Sachs warn that global financial uncertainty has raised the likelihood of a recession, echoing concerns raised by the IMF. In its Global Financial Stability Report, the IMF highlighted that US tariffs, which have surged to levels not seen since the Great Depression, pose a significant risk to global financial stability. The organization projects declining economic growth for the US, China, and Europe, attributing these downturns to the effects of tariff policies and growing economic uncertainty.
The IMF warned that tariff levels have surged past Great Depression highs, leading to increased global financial stability risks and the likelihood of a recession.
Global financial stability risks have significantly increased due to tighter conditions and heightened economic uncertainty, with a notable slump in US economic growth forecasts.
The IMF projects US growth to fall from 2.7% to 1.8%, citing Trump's tariffs as a primary factor affecting global and domestic economic performance.
In addition to US economic concerns, the IMF predicts slower growth in China and Europe, heightening the risk of widespread economic instability and uncertainty.
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