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While economic growth has been robust in areas like South Asia and the United States in 2024, expected changes from the Trump second term across numerous fronts — in regulatory, trade, fiscal, industrial, and foreign policies — are already exerting downward pressure on the world’s economies. So says this global survey of economists by the World Economic Forum’s Centre for the New Economy and Society, which suggests that tariffs will not only affect trade but also relations among countries. Growth may thus slow over the longer term, as the world faces what could be more isolationist and nativist geopolitics. Business leaders and financial professionals will find this an enlightening report.
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The World Economic Forum’s Centre for the New Economy and Society is a research arm that promotes global economic growth, equity, and human capital.
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