The International Monetary Fund released a forecast this week projecting that global GDP will grow just 2.8% — down half a percentage point since US President Donald Trump unleashed a raft of tariffs on April 2. Their projection for US GDP growth was particularly grim: Down nearly an entire percentage point from expectations earlier this year.
And they’re not alone. As economists try to measure the potential outcome from the current trade war and the whiplash of on-again-off-again tariffs, Bloomberg Economics landed on similar GDP projections
On today’s episode of the Big Take, host Sarah Holder is joined by Bloomberg’s Enda Curran and Bloomberg Economics Chief Economist Tom Orlik to discuss what these projections can — and can’t — tell us about where the trade war could lead.
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