Global Economic Leaders Confront a New Era of Industrial Policy
Published On Oct 26, 2024, 5:04 AM
The article discusses concerns expressed at the recent International Monetary Fund (IMF) and World Bank annual meetings regarding the resurgence of protectionism and the decline of neoliberal economic policies. Kristalina Georgieva, the managing director of the IMF, highlighted that global trade, historically a significant driver of economic growth, is now facing challenges as countries embrace more protectionist strategies and industrial policies. This shift threatens future economic growth and undermines the foundational principles established by the IMF and World Bank to promote international trade and cooperation.
Stock Forecasts
SPY
Negative
The growing trend of protectionism signals a potential decrease in global trade volumes, which may adversely affect companies that rely heavily on international markets. Industries such as manufacturing, technology, and consumer goods could face headwinds as tariffs and trade barriers increase. However, companies focusing on domestic production or sectors bolstered by government policies promoting local manufacturing might see a positive impact.
Related News
Mark Cuban asked where it all went 'wrong' with Trump: 'Lousy president'
Oct 25, 2024, 1:59 PM
Mark Cuban admitted that former President Trump can be "fun to hang around, charismatic," but he'll become "a worse" leader for America if elected to a second term.
Chart analyst Carter Worth breaks down his most important technical indicator
Oct 25, 2024, 8:59 AM
There are many technical indicators for traders to choose from. For Carter Worth, there's one that stands out above all others.
‘Trump Trade’ of Large Tariffs and Deficits Looms as Market Braces for 2024 Election
Oct 25, 2024, 5:05 AM
As investors have focused on the potential fiscal and economic impact of the Republican candidate’s proposals, yields on Treasury debt have risen.