IMF warns on Trump's plans but upgrades UK economic outlook
Published On Jan 17, 2025, 9:01 AM
The International Monetary Fund (IMF) has upgraded its UK growth forecast for 2023 to 1.6% from 1.5%, noting potential positive economic outlooks compared to other European economies. However, the IMF also warns that incoming US President Donald Trump's proposed tariffs could lead to increased trade tensions, disrupt global supply chains, and negatively affect global investment. In the short term, Trump's policies might boost the US economy but could lead to long-term economic challenges. This uncertainty surrounding Trump's policies is already impacting stock markets worldwide.
Stock Forecasts
SPY
Negative
Expect increased volatility in the markets due to uncertainty surrounding upcoming US tariffs and their global implications.
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