sharply

UK financial system shrank sharply in April as Trump tariffs kicked in

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UK financial system shrank sharply in April as Trump tariffs kicked in

U.S. President Donald Trump \with British Prime Minister Keir Starmer in the Oval Office at the White House in Washington, D.C., U.S., on Feb. 27, 2025. Kevin Lamarque | Reuters The U.K. economy shrank sharply in April as global trade tariffs and domestic tax rises kicked in, data showed Thursday. The latest monthly growth figures … Read more

Citing commerce wars, the World Financial institution sharply downgrades international financial progress forecast to 2.3%

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Citing commerce wars, the World Financial institution sharply downgrades international financial progress forecast to 2.3%

WASHINGTON — President Donald Trump’s trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday. Citing “a substantial rise in trade barriers’’ but without mentioning Trump by name, the 189-country lender predicted that the U.S. economy — the world’s largest — would … Read more