Global economy shrugs off Trump’s tariffs
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A new IMF report exaggerates the gloomy economic backdrop, but there are valid reasons for policymakers to be glum
Dialing down uncertainty, reducing vulnerabilities, and investing in innovation, can help deliver durable economic gains
The IMF now expects world output to rise 3.2% in 2025, up 0.2 percentage point from its July outlook and 0.4 pp from its April report. That still represents a slightly slower rate of growth than the 3.3% increase in output for 2024. The projection for 2026 of 3.1% was unchanged from the July view.
The world economy has proven more resilient than expected despite acute strains from multiple shocks, the head of the International Monetary Fund said on Wednesday, forecasting only a slight slowing of global growth this year and in 2026.
US President Donald Trump and Chinese leader Xi Jinping’s latest tit-for-tat showdown has both countries claiming the ball is now in the other’s court, with the clock ticking toward another escalation in import tariffs.
8hon MSN
Trump admin slams China’s 'global power grab' on rare earths, threatens triple-digit tariffs
Trump administration officials work to stabilize U.S.-China relations after trade war threats, with President Donald Trump prepared to meet Xi Jinping.
California gained the No. 5 global ranking in 2017 and then rose to No. 4 last year following a long-running dip in the Japanese economy. This scorecard reflects both geographic economic progress and fluctuations in the U.S. currency. Japan’s jump is due, in part, to its strong yen performance against the dollar in 2025.
"We are very concerned because of the potential impact" of the growing US-China trade spat, Carlos Cuerpo said at Semafor’s World Economy Summit.