Pierre-Olivier Garincha (IMF Chief Economist)

For the United States, the tariffs represent a supply shock that reduces productivity and output permanently. and increases price pressures temporarily.

For the United States, the tariffs represent a supply shock that reduces productivity and output permanently. and increases price pressures temporarily.

For the United States, the tariffs represent a supply shock that reduces productivity and output permanently. and increases price pressures temporarily.

Growth prospects could immediately improve if countries ease from their current trade policy stance and promote a new, clear, and stable trade environment.

Growth prospects could immediately improve if countries ease from their current trade policy stance and promote a new, clear, and stable trade environment.

Growth prospects could immediately improve if countries ease from their current trade policy stance and promote a new, clear, and stable trade environment.