Growth Forecasts Slashed
Growth Forecasts SlashedThe International Monetary Fund (IMF) has cut its global growth forecast for 2025 to 2.8%, down from 3.3% in 2024. This marks the slowest pace since 2020, excluding the pandemic years. (source: Reuters)
U.S. Tariffs Trigger Global Retaliation
President Donald Trump’s administration has implemented century-high tariffs, prompting retaliatory measures from major trading partners like China. This trade war has introduced significant uncertainty into global markets. (source: Brooking; 5Financial Times; Business Insider)
Financial Stability at Risk
The IMF warns that escalating trade tensions and high corporate leverage increase global financial stability risks. Emerging markets are particularly vulnerable to rising borrowing costs and market volatility. (source: The Guardian)
Inflation and Consumer Impact
Inflation is expected to decline more slowly than previously forecasted, with notable increases in the U.S. and other advanced economies. Consumers may feel the pinch as prices remain elevated. (source: Reuters)
Call for Structural Reforms
The IMF emphasizes the need for structural reforms to bolster economic resilience. Without decisive action, medium-term global growth may remain sluggish. (source: Financial Times; Reuters; The Guardian)