Thu, 17 Apr 2025

Thu, 17 Apr 2025 No global recession despite US tariffs, says IMF

The international economic group predicts "notable markdowns, but not recession".

* Trade tariff uncertainty is "off the charts" but there will be no global recession, according to the International Monetary Fund (IMF).
* Global share prices have dropped due to trade tensions and trust between countries has been eroded.
* The IMF warned of notable markdowns in its growth projections, but did not predict a worldwide recession.
* Leaders and businesses are responding to US President Donald Trump's "Liberation Day" tariffs announced on April 2.
* Global stock markets have plummeted since the announcement, with the FTSE 100 index still 4.6% lower than a month ago.
* The World Trade Organization (WTO) forecast that global trade will fall this year due to Trump's tariffs.
* The European Central Bank (ECB) has reduced its key interest rate "owing to rising trade tensions".
* IMF Managing Director Kristalina Georgieva called on countries to respond wisely and put their own houses in order, including: + Europe to cut down on restrictions on internal trade in services + China to increase its social safety net + The US government to reduce its debt.
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