US Tariffs Will Result in Shock to Global Growth but Not Recession, World Bank Says

U.S. tariff hikes to slow Lithuania's economic growth by 0.36 to 0.82 pp: economist

VILNIUS, June 10 (Xinhua) -- The combination of falling external demand and heightened uncertainty caused by the U.S. tariff hikes could shave 0.36 to 0.82 percentage points off Lithuania's economic growth this year, according to an economist from the Bank of Lithuania. Read full story

US tariffs will result in shock to global growth but not recession, World Bank says

Washington-based institution says growth forecasts have been cut in nearly 70 per cent of economies

Tariff Shock Fuels A Great Realignment Of Global Trade

The global trade order has entered a period of profound uncertainty. Longstanding alliances are shifting, financial norms are being questioned, and countries are scrambling to revamp their economic strategies. Globalization isn’t dead, however; it’s just reassembling. Much of the disruption begins in the US, where President Donald Trump’s abrupt, aggressive shift in trade policy has injected a new volatility into global markets. His “Liberation…