Global economic outlook: Risks and opportunities
United States President Donald Trump’s “Liberation Day” marked a watershed moment for the global economic and trade system. This caused investors to reprice risky assets, leading to a fall in global stock markets. However, last week, we saw the S&P 500 rebound with one of the largest daily jumps in its history after the pause on “reciprocal” tariffs. To assess the Impact of US tariffs on the global market, CNBC Africa is joined by Razia Khan, Chief Economist for Africa and the Middle East at Standard Chartered Bank.
Wed, 16 Apr 2025 15:05:57 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- President Trump's 'Liberation Day' triggered market volatility, leading to a global stock market decline.
- The announcement of 'reciprocal' tariffs heightened uncertainty and tensions between the US and China.
- Sub-Saharan Africa faces vulnerabilities amidst global economic uncertainty, with potential risks to its economies.
President Donald Trump's 'Liberation Day' marked a significant turning point for the global economic and trade system, sending shockwaves through markets and resulting in a fall in global stock values. The subsequent announcement of 'reciprocal' tariffs led to heightened uncertainty and escalating tensions between the US and China. However, a recent pause on tariffs has provided a temporary reprieve, triggering a rebound in the S&P 500. To shed light on the impact of US tariffs on the global market, Razia Khan, Chief Economist for Africa and the Middle East at Standard Chartered Bank, sat down with CNBC Africa for an insightful discussion. From analyzing market reactions to discussing the implications for Sub-Saharan Africa, Khan provided valuable insights into the current economic landscape. Khan highlighted the unpredictability of the current situation, emphasizing the need for clarity and stability to foster global economic growth. She underscored the importance of understanding the evolving tariff regime and its ramifications on inflation outlooks worldwide. In a comprehensive overview, Khan touched upon the vulnerabilities of Sub-Saharan Africa in the midst of global uncertainty, stressing the potential risks posed to the region's economies. As the world navigates through these turbulent times, Khan's expert analysis serves as a guiding beacon for investors and policymakers alike.
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