Is the US economy a global recession risk? The International Monetary Fund (IMF) is raising concerns, especially as the BRICS bloc has continued to embrace de-dollarization. The International Monetary Fund (IMF) has released a report warning that the US economy presents a significant challenge to global stability.
IMF Warns of US Economic Risks Amid BRICS De-Dollarization Push
The International Monetary Fund aimed criticism at growing risks in the US economy. In a report last week, it called out high debt, banking vulnerabilities, and trade barriers. Rising trade tensions and sweeping shifts in the global trading system will trigger downward revisions of the International Monetary Fund's economic forecasts. IMF warns of US recession as it downgrades the country's growth, indicating a growing unease.
The US is confronting an increased risk of recession as President Donald Trump’s trade war pushes the global economy into a “significant slowdown”, the IMF has stated. The resulting epistemic uncertainty and policy unpredictability is a major driver of the economic outlook. If sustained, this abrupt increase in tariffs and attendant trade barriers will only exacerbate the problem.
The International Monetary Fund (IMF) has ramped up the likelihood of a US recession, further fueling anxieties about the global economic future, particularly in light of the ongoing de-dollarization efforts within the BRICS nations. This convergence of factors creates a complex and potentially volatile economic landscape.