Washington – In the wake of President Donald Trump’s tariff and uncertainty that they created, the view of the United States and the global economy has worsened significantly, the International Monetary Fund said on Tuesday.
The IMF says that according to the global economic outlook, the global economy will increase by only 2.5% this year, its forecast in January will be reduced by 1.5% to the forecast. And in 2026, the world growth will be 3%, the fund is predicted, it is also below the previous 3.3% assumption.
The US economic growth will come to just 1.5% this year, from its previous forecast to 2.7% and a full percentage point below its expansion of 2021. The IMF does not expect the US recession, though it has increased from 25% to 37% of this year’s response.
The forecasts are mainly consistent with the expectations of many private sector economists, although some fear that the recession is increasingly likely. JP Morgan’s economists have said that the US downturn is now 605%. The Federal Reserve has also predicted that this year growth will weaken, will rise to 1.7%.
“We are entering a new era,” said Gaurichas, chief economist of the IMF, “We are entering a new era.”
The IMF is a 191-national NDING NDO that works to promote economic growth and financial stability and reduce poverty worldwide.
Gauerinchas said that intense uncertainty around the import tax managed the IMF to take unusual steps to prepare various situations for future growth. Its forecasts were finalized on April 4 after the Trump administration announced the tariff of tariff in about 60 countries with almost 10% tariff.
These responsibilities were given breaks on April 9 for 90 days. Gurinchas said that the breakfast of the IMF could not change enough because the United States and China have since imposed such steep tariffs on each other.
The IMF said the uncertainty around the Trump administration’s next move would probably be heavy on the United States and the global economy. Companies can return to investment and expansion to see how trade policies are effective, which can slow down the growth.
China has also predicted to increase more slowly because of US tariffs. The IMF is now hoping that it will extend 4% this year and down about half the points from its next forecast.
Although the US economy will probably enjoy a “supply shock” that was obstructed during the epidemic and which increased inflation in 2021 and 2022, Gourichas said that China is expected to decrease with its export decrease.
IMF forecasts, it will change slightly in China, but inflation in the United States will worse by about 3% by the end of this year.
The European Union has predicted to grow more slowly, but the hits from tariffs are not so big, as it faces lower tariffs in the United States than China. Also, some hit offsets from the tariff by Germany will be offset by strong government expenditure.
Economics of 2 27 countries used euro have been predicted to expand this year to 5.7% and the next year to 1.2%, the IMF’s January forecast has dropped by only 0.2% in both years.
Japan’s growth forecast has been identified as 0.6% this year and later, as of January, as 0.5% and less than 0.2%, respectively.
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