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Growth uncertainties
Business Standard
|April 23, 2025
IMF's assessment reflects the global chaos
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Global uncertainties caused by the United States (US) trade policy have made the lives of economic forecasters and business planners enormously difficult. It is impossible to predict what will happen after the 90-day pause in implementing the so-called reciprocal tariffs ends.
How many countries will the US be able to strike a trade deal with, and at what tariff level? If the US is unable to arrive at a deal, will more time be given for negotiations? And what will happen to the prohibitive tariffs on China? Numerous such unsettled questions will determine the pace of global growth, and that of individual countries. Some of these complexities are reflected in the International Monetary Fund's (IMF's) economic assessment in the latest World Economic Outlook (WEO), released on Tuesday.
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