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War and Tariffs Are a Double Shock to the World Economy

  • The outbreak of a new war in West Asia and tariffs are increasing the chances of a global recession, according to Stephen S. Roach.
  • Global GDP growth is projected to slow to 2.8% in 2025, indicating economic trouble according to the International Monetary Fund.
  • US President Donald Trump’s tariffs suggest risks to global growth and might lead to a higher tariff rate for China.
  • The ongoing conflict, including recent strikes against Iran, has raised oil prices and introduced uncertainty into the global economy.
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Instabilities is the word of order regarding the war in the Middle East. Specialists heard in our journal talk about the economic consequences for the world and Portugal and although there seems to be a relief, tomorrow's day is always uncertain. The Middle East content: Economic effects may worsen appear first in Journal i.

·Portugal
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  • 75% of the sources lean Right
75% Right
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Goodreturns broke the news in on Wednesday, May 21, 2025.
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