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IMF-World Bank meetings end with little tariff clarity, economic foreboding

Business Standard LogoBusiness Standard12h ago

IMF-World Bank meetings end with little tariff clarity, economic foreboding - Business Standard

Quick Summary:

Policymakers did breathe a sigh of relief when Bessent expressed U.S.support for the IMF and the World Bank, declaring that they have "enduring value" but criticizing their "mission creep" into climate, gender and equality issues.

Participants at the meetings, along with financial markets, were encouraged by Bessent's comments early in the week that triple-digit U.S.tariffs on Chinese goods and vice versa were unsustainable, suggesting that a deal to ease them could be reached soon.

The IMF took a slightly more optimistic view of the economic fallout from the highest U.S.tariffs in more than a century, slashing growth forecasts for most countries in its World Economic Outlook but stopping far short of predicting recessions - even for the U.S.and export-dependent China, which now faces U.S.tariffs of 145% on many goods.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-27 @ 16:29:42 (12 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1073 words

Reading Time: 6 minutes read

Sentences: 30 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28227067

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 163 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 4 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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