Hey there, curious minds! 🌟 Ever wonder how changes in the US could ripple across the globe? Well, economists from top international organizations are raising the alarm! 📢 With a new administration set to take over in Washington, big shifts in policy might be on the horizon, and they could shake things up worldwide. 🌐
US President-elect Donald Trump's plans for fiscal and trade policies are adding a layer of uncertainty to next year's economic outlook. According to Singapore's Lianhe Zaobao, markets are buzzing with concerns that these changes could stall the process of cutting interest rates. 📈💸
Experts at Morgan Stanley, a leading financial institution, are predicting that Washington's power shift and a possible tough stance on trade might slow down consumer spending in the upcoming years. 🛍️⏳
\"The outcome of the US election is going to usher in policy changes with implications that will reverberate through the global economy,\" wrote Morgan Stanley's Chief Global Economist Seth Carpenter. 🌊🌎
Carpenter suggests that the new administration's first round of tariffs could target imports from the Chinese mainland 🇨🇳, then possibly expand to goods from other countries. As prices go up due to these tariffs, we might see inflation rise in the second half of 2025. This could pinch consumers' wallets, leading to less spending, and could impact production and jobs. 💰🔄🚫
Meanwhile, folks at Goldman Sachs Research are forecasting that the average annual global GDP growth rate for 2025 will be around 2.7%. 📊 That's slightly above what other economists are predicting, but they're still cautious. Goldman Sachs Chief Economist Jan Hatzius points out that while the easing of inflation over the past two years brings some optimism, new US trade policies could throw a wrench into the works for other regions. 💫🛠️
\"The biggest risk is a large across-the-board tariff, which would likely hit growth hard,\" Hatzius noted. 🚧⚠️
So, what's the takeaway? As we gear up for potential shifts in US policies, it's a good idea to keep an eye on how these changes might affect not just the US, but economies around the world—including ours! 🌎👀 Stay tuned, stay curious, and let's navigate these global trends together! 🤝✨
Reference(s):
Economists: US policy changes likely to impact global growth
cgtn.com
