Reported 2 days ago
Indermit Gill, the World Bank's chief economist, highlights escalating debt and slow growth in emerging markets exacerbated by increasing trade uncertainty and high tariffs. He suggests that reducing tariffs could significantly benefit these countries, as half of them risk failing to meet debt obligations. With global growth forecasts declining and high debt service costs, urgent negotiations for lower tariff rates with the U.S. are recommended to foster economic stability and growth.
Source: YAHOO