The International Monetary Fund (IMF) has warned that a new era of global economic uncertainty is emerging due to escalating trade tensions and policy unpredictability. IMF chief economist Pierre-Olivier Gourinchas stated that the current system, which has operated for 80 years, is being reset. The US growth forecast was cut to 1.8% for 2025, while China's projected growth fell to 4.0%, Mexico contracted by 0.3%, and Canada's outlook was significantly reduced. In contrast, Spain's growth was revised upward to 2.5%.
https://www.geo.tv/latest/601348-imf-cuts-global-growth-forecast-over-trump-tariffsThe International Monetary Fund's chief economist, Pierre-Olivier Gourinchas, warns that President Donald Trump's tariffs have put the world economy on a path for slower growth this year. The IMF projects global growth to reach 2.8% in 2023 and 3% in 2024, down from previous estimates. Gourinchas attributes the slowdown to increased policy uncertainty caused by the tariffs, which he believes will significantly impact global trade. In the US, the tariffs are seen as a supply shock that reduces productivity and output permanently, while also increasing price pressures temporarily.
https://www.victoriaadvocate.com/news/nation/global-economy-to-slow-as-trump-re-orders-trade-with-tariffs-imf-says/article_c510980b-1f27-5f36-984d-3721326f7faa.htmlThe International Monetary Fund (IMF) warns that US President Donald Trump's tariffs will stifle global economic growth and slow progress on inflation. The IMF predicts a negative impact if the tariffs are sustained, affecting both the US and the world economy.
https://krcgtv.com/news/nation-world/tariffs-will-stifle-us-and-global-economic-growth-slow-progress-on-inflation-imf-prediction-trump-trade-war-golden-age#The International Monetary Fund (IMF) has warned that US President Donald Trump's stop-start tariff rollout has significantly increased global financial stability risks, citing tighter global financial conditions and heightened economic uncertainty. The IMF's Global Financial Stability Report found three key vulnerabilities to financial stability: high asset valuations in equity and corporate debt markets, highly-leveraged financial institutions including some hedge funds, and the possibility of additional turbulence in sovereign bond markets in countries with high debt levels. The report also highlighted the risk of geopolitical tensions, including military conflicts, which could further destabilize the global economy.
https://www.ndtv.com/world-news/trump-tariffs-have-increased-financial-stability-risks-says-international-monetary-fund-8229560Indonesian Foreign Minister Sugiono and Danish counterpart Lars Løkke Rasmussen signed a strategic bilateral cooperation plan in Jakarta. The "Strategic Partnership for a Sustainable and Resilient Future" aims to strengthen relations in areas like economy, trade, climate change, green energy, environment, food, agriculture, governance, culture, education, and tourism. Denmark is committed to supporting Indonesian micro, small, and medium enterprises through coaching and access to EU markets. The country also agreed to enhance cooperation on waste management and the circular economy.
https://en.antaranews.com/news/352625/indonesia-denmark-agree-on-action-plan-for-strategic-cooperationIran's top diplomat, Mohammad Javad Araghchi, will meet with US Middle East envoy Steve Witkoff in Oman on Saturday for nuclear talks, alongside a technical meeting between nuclear experts from both countries in Muscat. Araghchi emphasized the need to inform China of developments and consult with them, referencing their role in the 2015 nuclear agreement that limited Iran's program. The agreement, also known as the Joint Comprehensive Plan of Action (JCPOA), was negotiated by several UN Security Council members, including Britain, France, Russia, and the US, among others. Araghchi highlighted China's importance to Iran, citing their largest commercial partnership and main buyer of Iranian oil, with 92% of oil exports going to China, which often sells it at a discount.
https://www.brecorder.com/news/40359131/iran-top-diplomat-in-china-to-discuss-nuclear-talksPakistan is expected to face economic pressures due to disrupted trade and rising global financing costs, according to the World Economic Outlook report. Finance Minister Muhammad Aurangzeb reaffirmed Pakistan's commitment to reforms during meetings with business leaders and financial institutions in Washington, including a discussion with IMF Managing Director Kristalina Georgieva. The IMF has cut its forecast for global growth by 0.5 percentage point to 2.8% for 2025, citing the impact of tariffs on inflation, which is expected to reach 4.3% in 2025 and 3.6% in 2026.
https://www.geo.tv/latest/601410-imf-lowers-pakistans-gdp-growth-forecast-to-26-after-trumps-tariff-blowPakistan's Prime Minister Shehbaz Sharif has established two committees, one chaired by Finance Minister and the other led by Secretary of Commerce, to finalize a response to US tariffs. A high-level delegation is set to visit Washington to negotiate. Pakistan plans to import $1 billion worth of US crude oil to balance its trade surplus and reduce tariff pressure. This move may lead to broader economic engagement and improved bilateral relations with the US, which has shown interest in investing in Pakistan's mineral resources such as copper, gold, and lithium.
https://www.thenews.com.pk/print/1304131-pakistan-s-counterstrategy-for-us-tariffsRussian President Vladimir Putin extended condolences to Indian President Droupadi Murmu and Prime Minister Narendra Modi over the Pahalgam terror attack in Jammu and Kashmir, condemning the organisers and perpetrators to face deserved punishment.
https://www.lokmattimes.com/international/organisers-perpetrators-will-face-deserved-punishment-russian-president-putin-condemns-pahalgam-terror-attack/