Global News Podcast

IMF downgrades global growth predictions after Trump tariffs

41 snips
Apr 23, 2025
Faisal Islam, the Economics editor, shares insights from the IMF meeting in Washington, D.C., revealing a significant downgrade of global growth forecasts, especially warning about potential U.S. recession risks linked to Trump’s tariffs. Yogita Limaye, a South Asia correspondent, reports on the tragic attack in Kashmir, where over twenty tourists were killed, highlighting the grim realities amidst economic discussions. The contrast between global economic uncertainties and real-world violence creates a poignant narrative in today's interconnected world.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

IMF Warns US Hardest Hit

  • The IMF cut global growth forecasts due to Trump's tariffs and uncertainty caused by trade tensions.
  • The US could be the hardest hit with growth downgraded by nearly a full percentage point this year.
INSIGHT

Rising US Recession Risks

  • The probability of a US recession has increased from 25% to around 40% since October.
  • Consumption and consumer confidence metrics are already declining but recession is not in the base forecast yet.
INSIGHT

US Trade War's Global Impact

  • The US trade war damages global recovery and primarily harms the US economy itself.
  • This situation pressures the G7 and G20 nations amid questions about the US dollar's global financial role.
Get the Snipd Podcast app to discover more snips from this episode
Get the app