In today's episode, we delve into the significant downward revisions of global economic growth forecasts by major rating agencies due to escalating trade tensions. Fitch Ratings and S&P Global have both cut their projections, with the United Nations warning of a recessionary trajectory. We explore the implications for major economies like the US and China, the potential for a US recession, and the factors that could influence the economic outlook moving forward. Join us for an in-depth analysis of these pressing economic challenges.

Sources:

https://www.zawya.com/en/press-release/research-and-studies/s-and-p-global-market-intelligence-april-global-economic-forecast-update-growth-prospects-still-deteriorating-despite-tariff-pause-m7de7ljf

https://www.piie.com/blogs/realtime-economics/2025/policy-shocks-and-rising-uncertainty-are-weakening-global-outlook

https://thoughtleadership.rbc.com/slowing-growth-higher-prices-a-deeper-dive-into-our-u-s-forecasts/

https://www.iea.org/reports/oil-market-report-april-2025

https://www.aa.com.tr/en/economy/imf-chief-sees-downward-revisions-in-global-growth-but-no-recession/3541563

https://www.piie.com/research/piie-charts/2025/us-economy-expected-stall-policy-changes-weigh-growth

https://en.amwalalghad.com/fitch-sees-us-growth-slowing-to-a-crawl-in-late-2025/

https://www.wto.org/english/res_e/booksp_e/trade_outlook25_e.pdf

https://cfo.economictimes.indiatimes.com/news/economy/fitch-ratings-lowers-world-growth-forecast-due-to-escalation-in-global-trade-war/120373201

https://www.fitchratings.com/research/sovereigns/deep-cuts-to-growth-forecasts-as-global-trade-war-escalates-16-04-2025