The World Bank warns of a significant slowdown in the global economy due to President Trump's trade policies. While a recession isn't expected, the trade war may lead to the weakest growth in decades, affecting the poorest regions the most.
In a week of cautious optimism, global leaders at the IMF and World Bank meetings express relief as the U.S. dollar remains stable despite Trump's inward-focused policies. Can we trust the U.S. economy's future?
In a pivotal speech, Treasury Secretary Scott Bessent advocates for significant reforms at the IMF and World Bank, emphasizing the need to refocus on their core missions amid rising concerns about U.S. withdrawal from these institutions.
