IMF
- Since April, economic indicators reflect a complex backdrop shaped by trade tensions.
- On inflation, cooling demand and falling energy prices .28 continued decline, Albia with variations across countries.
- Have seen strong evidence of frontloading ahead of tariff increases and some trade diversion.
- We have also seen an improvement in global financial conditions as selected trade deals lowered average tariffs.
- While we will update our global forecast at the end of July, downside risks continue to dominate the outlook and uncertainty remains high.
