IMF: US growth forecast to be hit from tariffs
The US is forecast to be hit the hardest among advanced economies because of uncertainty caused by tariffs, the IMF says. Growth is now expected to be 1.8% this year, down from the IMF's estimate of 2.7% for the US in January. It comes after US stocks...
April 22, 202547m 31s
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Show Notes
The US is forecast to be hit the hardest among advanced economies because of uncertainty caused by tariffs, the IMF says. Growth is now expected to be 1.8% this year, down from the IMF's estimate of 2.7% for the US in January. It comes after US stocks and the dollar plunged on Monday following Donald Trump's attack on the US central bank boss Jerome Powell - who he labelled a "major loser" - for failing to cut interest rates.Also in the programme: We're live in Rome and we hear tributes to Pope Francis from Nigeria, the Philippines and Ghana; and from Pakistan - the effort to save the snow leopard from extinction.(Photo: International Monetary Fund (IMF) Managing Director Kristalina Georgieva delivers remarks on the global economy, ahead of the IMF/World Bank Spring Meetings, at the IMF headquarters in Washington. Credit: Reuters/Leah Millis)