Tariff Could Bring ‘Notable Markdowns’ to Growth Forecasts Worldwide

Tariff Could Bring ‘Notable Markdowns’ to Growth Forecasts Worldwide


The week will bring new purchasing manager indexes and business surveys from several countries, as well as revised data from the University of Michigan’s consumer sentiment survey and new insights from the Fed’s Beige Book on regional economic conditions. The report said this combined picture could help finance ministers and central bankers meeting in Washington this week assess the impact of President Donald Trump’s efforts to reshape global trade via tariffs, some of which are now on hold. “From the SMB standpoint, the exposure to tariffs at the supply chain level may actually be pretty small … but the main concern and the damage to small business lies with consumer uncertainty,” he told PYMNTS CEO Karen Webster.

Author: PYMNTS


Published at: 2025-04-20 19:54:57

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