The global economy is poised for a significant reset, largely influenced by trade tensions initiated by U.S. President Donald Trump, resulting in the highest tariffs seen in over a century. This shift marks a reversal of the post-World War II economic order, leading to revised growth forecasts by the IMF, which predict a decrease from 3.3% to 2.8% for the year. Uncertainty pervades discussions at the IMF and World Bank Spring Meetings, as forecasts struggle to keep pace with rapidly changing economic conditions, underlining the unpredictable nature of the current economic landscape.
"The phrase, uttered by Pierre-Olivier Gourinchas, chief economist of the International Monetary Fund (IMF), isn’t one you hear every day."
"The trade war declared by U.S. President Donald Trump against the entire world, with the highest tariffs in more than a century, represents a reversal of the post-World War II international economic order."
Collection
[
|
...
]