US and global economic outlook deteriorates in Trump trade war, IMF says

[Trumpet]

This certainly doesn't sound to good to me, and the damage done could take years to rectify.


WASHINGTON (AP) — The U.S. and global economies will likely slow significantly in the wake of Crazy Trump’s tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday.

The forecasts are largely in line with many private-sector economists’ expectations, though some do fear a recession is increasingly likely. Economists at JPMorgan say the chances of a U.S. recession are now 60%. The Federal Reserve has also forecast that growth will weaken this year, to 1.7%.

US and global economic outlook deteriorates in Trump trade war, IMF says

The International Monetary Fund says the US and global economies will likely slow significantly in the wake of President Donald Trump’s tariffs and the uncertainty they have created.

apnews.com

 

[Trumpet]

Trump’s trade war will hit US prosperity hard, IMF warns​

Crazy Trump’s unpredictable tariff policy and countermeasures by America’s trading partners will likely deal a heavy blow to economies worldwide, with US prosperity hit particularly hard, the International Monetary Fund warned Tuesday.

https://www.cnn.com/2025/04/22/economy/imf-us-global-economies-tariffs-intl/index.html

 

[Dutch Uncle]

Trump’s trade war will hit US prosperity hard, IMF warns​

Crazy Trump’s unpredictable tariff policy and countermeasures by America’s trading partners will likely deal a heavy blow to economies worldwide, with US prosperity hit particularly hard, the International Monetary Fund warned Tuesday.

https://www.cnn.com/2025/04/22/economy/imf-us-global-economies-tariffs-intl/index.html

Agreed. He's fucking up the US economy just like he's fucking up US politics and the US military.

 

[BartenderElite]

I've seen MAGA's say things like "we knew there would be some pain - this is what we voted for."

No, we didn't. Trump told us the market would crash if Harris was President. With him, it was all about fixing everything on Day 1 and a "new Golden Age."

 

[Dutch Uncle]

For the MAGA morons who only get their news from Fox:

IMF cuts US economic growth forecast over trade tensions, policy uncertainty

The International Monetary Fund released its world economic outlook which cut the economic growth forecast for the U.S. due to trade tensions and policy uncertainty.

www.foxbusiness.com

The IMF's report slashed its 2025 economic growth forecast for the U.S. to 1.8%, slashing 0.9 percentage point from the gross domestic product (GDP) growth rate it projected in January. It also cut the 2026 forecast by 0.4 percentage point to 1.7%.

It attributed the downgrade of its economic growth estimate from earlier this year to "greater policy uncertainty, trade tensions, and softer demand momentum."

"Since the release of the January 2025 WEO Update, a series of new tariff measures by the United States and countermeasures by its trading partners have been announced and implemented, ending up in near-universal U.S. tariffs on April 2 and bringing effective tariff rates to levels not seen in a century," the IMF said.

"This on its own is a major shock to growth. The unpredictability with which these measures have been unfolding also has a negative impact on economic activity and the outlook and, at the same time, makes it more difficult than usual to make assumptions that would constitute a basis for an internally consistent and timely set of projections," it added.

President Donald Trump's trade policies pushed the effective U.S. tariff rate on all imports to the highest level in a century, surpassing the 1930 Smoot-Hawley tariffs. Economists generally believe the Smoot-Hawley tariffs worsened the Great Depression by causing a decline in global trade.

 

[Cypress]

I've seen MAGA's say things like "we knew there would be some pain - this is what we voted for."

They are lying. No MAGA moron on JPP said prior to the election of November 5 that Trump would have to inflict economic pain on America, get into a global trade war, or threaten to invade Greenland and Panama.