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TABLE-IMF slashes global economic outlook as Trump trade war heats up
April 22 (Reuters) - The International Monetary Fund on Tuesday slashed its 2025 economic outlook after U.S. President Donald Trump began his second term by kicking off a global trade war that is expected to weigh heavily on output around the world.2025 estimatesApril vs prior estimatesAprilJanuaryO...Reuters
Tue, Apr 22
IMF cuts Latam, Caribbean 2025 GDP growth estimate
By Rodrigo Campos NEW YORK, April 22 (Reuters) - A forecast contraction in Mexico's 2025 economic output accounts for most of the IMF's estimate for a slowdown in Latin America and the Caribbean's GDP growth this year, the fund's updated World Economic Outlook showed on Tuesday. T...Reuters
Tue, Apr 22
Emerging economies face test from tighter funding as growth slows, says IMF
Mexico's growth forecast slashed, economy expected to contract 0.3% this yearChina's growth forecast lowered amid trade tensions with the USEmerging Europe growth predicted at 2.1% this year and next after 3.4% 2024 expansionBy Karin Strohecker and Rodrigo CamposWASHINGTON, April 22 (Reuters...Reuters
Tue, Apr 22
IMF cuts growth forecasts for most countries in wake of century-high US tariffs
IMF sees global growth of 2.8% in 2025, down from 3.3% in January forecastIMF chief economist says new era ushered in by trade resetEscalating trade tensions could further dampen growthClick By Andrea Shalal WASHINGTON, April 22 (Reuters) - The International Monetary Fund on Tuesday slashed its f...Reuters
Tue, Apr 22
Equifax's quarterly profit lifted by better-than-expected mortgage business
April 22 (Reuters) - Credit bureau Equifax EFX.N beat Wall Street expectations for first-quarter profit on Tuesday, buoyed by a smaller-than-expected drop in inquiries for mortgage credit reports.The company also kept its annual forecast unchanged despite economic uncertainties, sending its shares u...Reuters
Tue, Apr 22
Mexico's economy contracted 0.2% y/y in March, preliminary estimate shows
April 22 (Reuters) - Mexico's economy likely contracted 0.2% in March from the same month a year earlier, a preliminary estimate from national statistics agency INEGI showed on Tuesday.Compared with the previous month, activity was likely unchanged, the agency said.Reuters
Tue, Apr 22
Goldman Sachs CEO Solomon Says Level Of Uncertainty Of Is High, Good That There Is Delay In Implementing Reciprocal Tariffs- CNBC Interview
April 22 (Reuters) - GOLDMAN SACHS CEO DAVID SOLOMON: TRADE POLICY HAS CHANGED THE UNCERTAINTY IN MARKETSGOLDMAN SACHS CEO SOLOMON: LEVEL OF UNCERTAINTY OF IS HIGH, GOOD THAT THERE IS DELAY IN IMPLEMENTING RECIPROCAL TARIFFSGOLDMAN SACHS CEO SOLOMON- THE DELAY INCREASED THE LEVEL OF UNCERTAINTY - C...Reuters
Tue, Apr 22
Spain vows to meet NATO spending goal of 2% GDP in 2025
MADRID, April 22 (Reuters) - Spain will meet NATO's target of spending 2% of gross domestic product on defence this year, much earlier than its previous self-imposed deadline of 2029, Prime Minister Pedro Sanchez said on Tuesday.Spain, which spent just 1.3% on defence in 2024, the lowest among N...Reuters
Tue, Apr 22
Euro zone bonds outshine U.S. Treasuries amid Trump's Fed rebuke
U.S.-German 10-yr spread set for biggest monthly rise since 2003German 2-year bund yields drop to lowest since October 2022By Yadarisa Shabong April 22 (Reuters) - Euro zone government bond yields eased on Tuesday, outperforming U.S. Treasuries, as traders sought the safety of European bonds afte...Reuters
Tue, Apr 22
AUD/USD retraces to near 0.6400 as US Dollar strives to gain ground
The AUD/USD pair corrects slightly to near 0.6400 during European trading hours on Tuesday after posting a fresh four-month high at 0.6440 earlier in the day. The Aussie pair retraces as the US Dollar (USD) strives to gain ground after remaining in the downside trajectory in the last few weeks.
Fxstreet
Tue, Apr 22
German government forecasts economic stagnation in 2025, source says
BERLIN, April 22 (Reuters) - The German government cut its economic forecast for this year and now foresees stagnation instead of 0.3% growth, a source told Reuters on Tuesday, confirming a report by the Handelsblatt newspaper.For 2026, the government now expects growth of 1%, down slightly from its...Reuters
Tue, Apr 22
PulteGroup beats quarterly results estimates as incentives lift housing demand
April 22 (Reuters) - PulteGroup's PHM.N first-quarter profit and revenue beat Wall Street estimates on Tuesday, as the company's incentives helped improve housing demand.Homebuilders have been employing buyer incentives such as buydowns, discounts and smaller home offerings to help induce de...Reuters
Tue, Apr 22
3M cuts 2025 profit forecast amid trade tensions
April 22 (Reuters) - U.S. industrial conglomerate 3M Co MMM.N cut its forecast for 2025 profit on Tuesday amid trade tariff tensions and weak consumer sentiment.The St. Paul, Minnesota-based company now expects a tariff-related negative impact of $0.20 to $0.40 per share on its full-year adjusted pr...Reuters
Tue, Apr 22
