Interim Economic Outlook : Turbulence

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<title>Interim Economic Outlook</title>
<subTitle>: Turbulence</subTitle>
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<dateIssued>2025</dateIssued>
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<abstract displayLabel="Summary">The report aims to analyze the impact of the escalation of the global trade war initiated by the US on global economic growth. It highlights how the tariffs imposed by the US on its main trading partners, such as China, Canada, Mexico, and Europe, are reducing global GDP growth forecasts for 2025 and 2026. Additionally, the report examines the negative consequences of these protectionist policies on the US economy and its allies, as well as the mitigated effect on emerging economies thanks to fiscal and monetary stimuli in countries like China</abstract>
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