Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

BumRushDaShow

(151,125 posts)
Tue Apr 22, 2025, 09:08 AM Tuesday

IMF warns of 'major negative shock' from Trump's tariffs

Source: The Guardian

Tue 22 Apr 2025 09.00 EDT


Donald Trump’s tariffs have unleashed a “major negative shock” into the world economy, the International Monetary Fund has said, as it cut its forecasts for US, UK and global growth.

In a stark assessment of the impact of the US president’s policies, as global finance ministers prepare to meet in Washington, the IMF said: “We expect that the sharp increase on April 2 in both tariffs and uncertainty will lead to a significant slowdown in global growth in the near term.”

Publishing the latest edition of its World Economic Outlook, the Washington-based lender cut its forecast for global GDP growth to 2.8% for this year – 0.5% weaker than it was expecting as recently as January. The IMF said that while its forecasts had been prepared on the basis of current trade policy, “intensifying downside risks dominate the outlook”.

Its forecasts show every major economy being hit, with the UK expected to grow by 1.1% this year, down from 1.6% predicted in January. The IMF expects a sharper deterioration for the US, from 2.7% to 1.8%.

Read more: https://www.theguardian.com/business/2025/apr/22/imf-major-negative-shock-trump-tariffs-uk



Link to IMF (International Monetary Fund) World Economic Outlook REPORT site - A Critical Juncture amid Policy Shifts April 2025
14 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

IronLionZion

(48,552 posts)
3. Pain and punishment for as many people as possible
Tue Apr 22, 2025, 09:36 AM
Tuesday

knowing he won't be around for the consequences. He's not getting any younger.

Stuckinthebush

(11,117 posts)
8. He thinks he is the smartest person in the room
Tue Apr 22, 2025, 11:20 AM
Tuesday

He sticks to his belief about himself when people push back. He digs in deeper. He truly thinks that tariffs are the best way to stimulate the economy. He's a fool.

Oh, and I agree he also loves inflicting pain and suffering.

IthinkThereforeIAM

(3,174 posts)
7. Isn't that their whole point? To trash the U.S. of A. and world economy...
Tue Apr 22, 2025, 10:57 AM
Tuesday

... because legit banks wouldn't loan Der Dingleberry money, so he had to cozy up to the Russian mafia. And Eloon and his goons want to force everyone into buying/using untraceable Bitcoin, ethereum, Clown Coins, etc...

bluestarone

(19,625 posts)
12. EVERYTING they have done and will continue to do, (Destrction of our democracy) can be STOPPED, dead in it's tracks by
Tue Apr 22, 2025, 02:23 PM
Tuesday

ONE IMPEACHMENT VOTE!

muriel_volestrangler

(103,478 posts)
13. That's about $500 billion in a year Trump has cost the world - in real money, not stock value
Tue Apr 22, 2025, 03:01 PM
Tuesday

If "the market" decreases, that's a theoretical value that, if all the companies involved could be sold at once, is lost. But of course, you can't buy or sell the whole of a stock market at once. But GDP is a real measure of useful work that people (in this case, the whole world) will do in a year. It means our efforts will be less effective, or there'll be less opportunity to benefit ourselves and others.

Hitler launching World War Two was more damaging, relatively, I'd guess, but maybe no other act by one person has rivalled this.

Mike 03

(18,403 posts)
14. I wonder if Trump pays attention to such trivial matters.
Tue Apr 22, 2025, 03:09 PM
Tuesday


I have no idea how domestic news is covering this, but it is the lead story on BBC World and Bloomberg Radio. Trump is actually beginning the process of wrecking the global economy, which we all sort of knew he was and would. But this makes it a bit more real.

If Trump comments on this at all, I'm betting it's only to call IMF chief Kristalina Georgieva "a nasty woman with a low IQ."



Latest Discussions»Latest Breaking News»IMF warns of 'major negat...