The International Monetary Fund’s Chief Economist, Pierre-Olivier Gourinchas, has warned that President-elect Donald Trump’s proposed economic strategies, such as imposing tariffs and limiting immigration, could drive inflation in the United States.
Speaking ahead of the IMF’s World Economic Outlook (WEO) report release, Gourinchas highlighted the risks these policies pose to the supply side of the economy, potentially escalating prices.
While Trump’s advisors believe his policies will stabilize inflation, the IMF projects that US interest rate cuts in 2025 will remain minimal, with two quarter-point reductions expected.
On a global scale, China’s economic challenges, including a struggling property sector, could further influence the international economy.
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