Global News Podcast
IMF downgrades global growth predictions after Trump tariffs
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.
31:33
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Quick takeaways
- The IMF has downgraded global economic growth predictions due to Trump's tariffs, exacerbating fears of a U.S. recession.
- The tragic shooting of tourists in Kashmir highlights serious concerns regarding security and safety in conflict-affected tourist destinations.
Deep dives
Global Economic Forecast Downgraded
The International Monetary Fund has downgraded its forecast for global economic growth, anticipating a significant slowdown attributed to Donald Trump's tariffs, which are disrupting markets. The IMF's chief economist noted that the risk of a U.S. recession has increased from 25% to approximately 40%, as consumer confidence and spending show signs of decline. These tariffs are described as a supply shock, negatively impacting productivity and output while raising temporary price pressures. The report underscores a broader concern regarding potential long-term damage to the U.S. economy amid ongoing global trade tensions.
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