Charting the global economy: ECB cuts rates while Canada holds

Quick Summary:

Globally, the WTO forecasts a decline in merchandise trade due to rising tariffs.

The US economy is set to lose billions of dollars in revenue in 2025 from a pullback in foreign tourism and boycotts of American products, adding to a growing list of headwinds keeping recession risk elevated.

The risk that precious metals could be caught up in trade duties pushed prices on New York’s Comex into a large premium over global benchmarks in recent months.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaBotswanaCanadaChinaDenmarkEgyptGermanyIsraelSouth KoreaNamibiaPakistanPeruThailandTurkeyVietnam

Topics: European Central Bank ECB US tariffs Rates Trade war

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-20 @ 10:17:52 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1446 words

Reading Time: 9 minutes read

Sentences: 46 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 28018336

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 1 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 1 days ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #84

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