The economic growth rate of the US economy due to the tariff war teased by Trump, which was earlier estimated 2.7 percent, is now expected to be reduced to 1.8 percent. According to the IMF, there is no possibility of a slowdown in the US economy, but this year the possibility of recession has increased from 25 percent to 37 percent. J.P. According to Morgan economists, the US has a 60 percent potential for a slowdown. The Federal Reserve has also said that this year the US economy will grow at a rate of 1.7 percent.
IMF Chief Economist Pierre Oliver said that we are entering a new era. The global economic system, which has been in operation for the last 80 years, is being restored. IMF is an organization with 191 member countries that promotes economic growth and financial stability and aims to eradicate poverty in the world.
This prophecy of the IMF came after the announcement made by Trump on 4 April, in which he said that he would impose 10 percent tariffs on 60 countries. The fee was suspended for 90 days on 9 April. Oliver said this delay will not have any effect on the IMF forecast as the US and China have already announced a mutual tariff growth.
What Trump will do next, uncertainty will have a major impact on the US and global economies. This uncertainty will slow down development as companies decide to invest and expand based on the construction of trade policies. Due to the tariff imposed by the US, China’s growth rate is also expected to be reduced to four percent this year. Which is one and a half percent less than before.
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