Americans’ expectations for their finances fell to a historic low in early March, as they expect higher prices in the future due to duties
The International Monetary Fund It sees the US economy … lowered speed this year, as Donald Trump promotes aggressive duties. However, he does not see the possibility of a depth recession.
“Major policy changes have been announced and incoming figures are marking a slowdown in economic activity from the very powerful pace of 2024,” IMF spokesman Julie Kozak said on Thursday.
THE Trump It has launched a wave of duties threats, with some already in place for top trading partners such as Canada, Mexico and China, and are expected on April 2. His government has also targeted areas such as cars and industrial metals, with the aim of boosting American manufacturing and employment.
The revised figures published on Thursday showed that the economy was developed in the fourth quarter at a rate of 2.4%, faster than previously estimated.
Americans’ expectations for their finances fell to a historic low in early March, expecting higher prices in the future due to duties.
“We are in the process of evaluating the impact of all these announcements” on invoices and we will include them in the World Economic Outlook update that will be released in April, said the Kozack. He added that the Fund would proceed with an analysis of how movements will affect countries and areas, reiterating that Canada and Mexico will probably see “significant negative impacts” if the duties are maintained.
The IMF in January predicted growth for the US at 2.7% this year while in 2024 growth was 2.8%. The new estimates are expected to be published on April 22.
Source: Skai
I am Janice Wiggins, and I am an author at News Bulletin 247, and I mostly cover economy news. I have a lot of experience in this field, and I know how to get the information that people need. I am a very reliable source, and I always make sure that my readers can trust me.