Financial Times (October 22)
2024/ 10/ 24 by jd in Global News
The International Monetary Fund (IMF) has warned that “greater global protectionism will endanger the world’s growth outlook… as a possible Donald Trump victory in next month’s US election raises the prospect of sharp tariff increases.” The IMF’s World Economic Outlook warns that “if higher tariffs hit a ‘sizeable swath’ of world trade by mid-2025, it would wipe 0.8 per cent from economic output next year and 1.3 per cent in 2026.” If, however, widespread tit-for-tat measures ensue, the results could be considerably more destructive.
Tags: 2025, Economic output, Election, Endanger, Global protectionism, Growth outlook, IMF, Tariffs, Tit-for-tat, Trump, U.S., Victory, Warned, World trade
