Trump's global tariffs causing IMF to lower growth outlook, uncertainties and financial stress

From Yahoo Finance: 2025-04-20 15:53:00

The International Monetary Fund is set to lower its economic growth outlook as a result of Trump’s global tariffs. Business surveys from major economies will give insight into the impact of these tariffs. IMF Managing Director warns of high uncertainty and potential financial stress. The global economy remains uncertain as central banks wait for clarity before making policy changes. The IMF meetings aim to lower trade tensions and promote dialogue during a critical time.

In the US, consumer sentiment and inflation expectations will be closely monitored. The Fed’s Beige Book will offer economic insights, and new-home sales data will be released. Fed officials are scheduled to speak amidst tensions with Trump over Fed independence. In Canada, the election campaign nears its end, with retail data and trade negotiations in focus.

In Asia, China and Indonesia will report economic data, while central banks make decisions to support their currencies. Preliminary PMI data from Australia, Japan, and India will show the impact of the trade war. South Korea aims to negotiate tariff reductions with the US, while Japan reviews car safety standards for a trade deal. Europe, the Middle East, and Africa will focus on survey reports and economic indicators to assess the impact of trade tensions. Latin America expects economic data releases and monetary policy decisions to navigate the uncertain global economy.



Read more at Yahoo Finance: First Shockwaves of Trump’s Tariffs Are About to Hit the World Economy