Global Macro Research
Global Macro Research

The Monthly Macro Outlook Video - April 2025

How may the recent surge in US tariffs impact the global economy? Join Paul Diggle as he breaks down these fast-moving developments.

Author
Chief Economist

Duration: 5 mins

Date: 10 เม.ย. 2568

Paul Diggle provides his analysis of the most significant economic story right now – the dramatic shifts in US tariffs and its far-reaching implications. This month he covers the potential effects on inflation, growth and the risk of recession. 
Key highlights:
  • US tariff surge. Discover how US tariffs skyrocketed to 28% and what this may mean for global trade.
  • Impact on China. Understand the specifics of the US-China tariff battle, with tariffs on Chinese goods now increasing more than anywhere else. 
  • Economic consequences. Learn about the potential effects on inflation, economic growth and the risk of a US recession.
  • Fed challenges. Explore the difficult choices facing the US Federal Reserve in response to the likelihood of ‘stagflation’.
  • Global repercussions. Find out how these tariff increases may affect economies worldwide, amid the growing risks of slower growth and disinflation.
  • Future scenarios. Get insights into possible future developments, including trade negotiations and adverse financial market conditions.

Watch the video for more details.

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