00:00So the IMF released a round of forecasts back in early January when we knew that Trump was
00:06president, but we didn't know what sort of policies he'd pursue. Now, three months later,
00:11they're issuing a new set of forecasts. And so basically, you can take the change in those
00:15forecasts as essentially being a vote from a very smart, very technocratic organization,
00:22or a best guess as to what the Trump madness has done to the world's economic outlook.
00:27You can think of it as scoring the winners and losers. Well, here's the losers. The biggest
00:32loser is Mexico, followed by the United States. These are overwhelmingly the countries that stand
00:37to lose the most over the next couple of years as a result of all the madness that's come out of the
00:42last three months. For Australia, Australia is pretty much exactly where the rest of the world
00:47is. Growth in the rest of the world is likely to be a little bit slower. And Australia is right on
00:52that average there. The, of course, now, you know, four weeks ago, we're at war with Canada
00:59and Mexico. Three weeks ago, it was with the whole world. And as of a week and a half ago,
01:05it's just China. Well, the Trump tariff war is going to cost the American economy more than
01:09it costs the Chinese economy.
Comments