US Growth Forecast to Be Hit Hardest from Tariffs, IMF Says

Thursday, April 24, 2025

The US is forecast to be hit the hardest among advanced economies because of uncertainty caused by tariffs, the IMF says - and the UK's own growth projection has also been cut Growth in the US is now expected to be just 1.8% this year, down from the IMF's initial estimate of 2.7% in January

Posted by REDIAL at 07:30 PM | 17 COMMENTS | permalink

The IMF sharply downgraded its US growth forecast, while also lowering its outlook for the eurozone and China on the back of President Donald Trump's tariff blitz.

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-- POLITICO Europe (@politico.eu) April 22, 2025 at 9:19 AM

Comments

1.8 seems too high

#1 | Posted by Nixon at 2025-04-22 12:43 PM

Treasury Secretary Scott Bessent told a closed-door investor summit Tuesday that the tariff standoff with China is unsustainable and that he expects the situation to de-escalate," Bloomberg reports.

The brain dead------------- is getting ready to fold again.

#2 | Posted by reinheitsgebot at 2025-04-22 12:49 PM

@#2 ... The brain dead------------- is getting ready to fold again. ...

Looks that way.

Pres Trump seems to know that his whimsical tariff approach is having a bad effect upon the economy. Trying to deflect away from that, he has turned to attacking Fed Chair Powell about not lowering interest rates.

#3 | Posted by LampLighter at 2025-04-22 01:28 PM

"Pres Trump seems to know that his whimsical tariff approach is having a bad effect upon the economy."

Whimsical.
This is the best use of the word "whimsical" I have seen all year!
I'm going to have to start using this with our clients that stray far off the reservation.

#4 | Posted by snoofy at 2025-04-22 01:34 PM

Hey, ROBSON. Good job, buddy. You, too, SCOTTS.

#5 | Posted by Zed at 2025-04-22 01:52 PM

@#4 ... use of the word "whimsical" ...

I use it in this sense ...

whimsical
adjective
www.merriam-webster.com

...
1b. : subject to erratic behavior or unpredictable change
...

#6 | Posted by LampLighter at 2025-04-22 03:18 PM

Oh yes it's a great word.

It's just not normally used in the context of a madman deliberately destroying his own country.

#7 | Posted by snoofy at 2025-04-22 03:20 PM

Well Oakland has a solution, the new mayor thinks a $50 minimum wage will solve inflation.

#8 | Posted by oneironaut at 2025-04-22 06:08 PM

It might.

#9 | Posted by Effeteposer at 2025-04-22 08:39 PM

Well Oakland has a solution, the new mayor thinks a $50 minimum wage will solve inflation.
#8 | POSTED BY 1LUMPYDUMPER

We all know the only real solution is more tax cuts for multimillionaires and billionaires.

They need it so they can hoard more stolen wealth in off shore bank accounts so their great grandchildren 10 generations from now won't have to work a day in their lives.

Sorry poor people. Better luck in your next life.

#10 | Posted by ClownShack at 2025-04-22 08:48 PM

US Growth Forecast to Be Hit Hardest from Tariffs, IMF Says

If anyone deserves it ... electing that corrupt, pedo, incompetent, felon, adjudicated rapist to our highest office.

#11 | Posted by censored at 2025-04-24 07:57 PM

meh... small price to "own the libs".

#12 | Posted by RightisTrite at 2025-04-25 07:19 AM

Dumpy said he's negotiated 200 trade deals with countries he won't name.

The number of countries varies, but the highest number is 206 including 2 non-member states of the UN; the Holy See and the State of Palestine.

#13 | Posted by zarnon at 2025-04-25 10:06 AM

#13
Such a cynic! Why, I have it on excellent authority - John Barron, who else? - that deals have already been cut with Atlantis, Brobdingnag, Dinotopia, and Freedonia.

#14 | Posted by Doc_Sarvis at 2025-04-25 10:23 AM

Trump: "We are negotiating with China!"
China: "There is no negotiation going on."
Reporter: "Mr. President, can you tell us who you are negotiating with from China?"
Trump: "No."

And Trumpers will still believe it.

#15 | Posted by Sycophant at 2025-04-25 11:17 AM

Consumer Expectations Crater to Three-Decade Low

www.politico.com

Another milestone for the demented orange pedo.

#16 | Posted by reinheitsgebot at 2025-04-25 02:23 PM

Dumpy said he's negotiated 200 trade deals with countries he won't name.

The number of countries varies, but the highest number is 206 including 2 non-member states of the UN; the Holy See and the State of Palestine.

#13 | Posted by zarnon

And there's only what, 184 countries he's levied tariffs on?

What a dotard!

#17 | Posted by AMERICANUNITY at 2025-04-26 03:19 AM