US growth forecast to be hit hardest from tariffs, IMF says

Tuesday, April 22, 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 12:38 PM | 10 COMMENTS | permalink | Comment on This Entry |

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1.8 seems too high

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

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 | Reply | Newsworthy 1

@#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 | Reply

"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 | Reply

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

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

@#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 | Reply

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 | Reply

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 | Reply

It might.

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

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 | Reply