United States economy contracts as tariffs weigh on economy
May 2, 2025
The United States economy contracted by 0.3% in the first quarter of 2025, according to the Commerce Department, the first quarter of decline since 2022. The decline in gross domestic product (GDP) is due to a large surge in imports despite other parts of the economy slowing down, all while inflation remains high.
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Credit Risk Insurers & Bank News
28 April 2025
Updates every Monday.
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Allianz
➦ The cost of a weaker dollar, tariff turbulence ahead for the travel industry and chip war reloaded
President Trump gets a weaker dollar, but it comes at a cost. -
Atradius
➦ Energy Outlook – April 2025
The energy mix is gradually moving away from fossil fuels to renewables -
Coface
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Credendo
➦ Bangladesh: US import tariffs threaten Bangladesh’s crucial garment sector
The threat of sharply higher US reciprocal import tariffs is hanging over Bangladesh’s economy like a sword of Damocles.➦ Uganda: Oil field development should lead to improved economic fundamentals
In 2006, Uganda’s oil and gas sector saw significant developments, as exploration led to the discovery of several oil fields in the Lake Albert basin, including the Mputa, Kingfisher, and Tilenga oil fields. -
Goldman Sachs
➦ Tariff-induced recession risk
The Trump Administration’s dramatic tariff moves have upended decades of US trade policy, sparking a rapid reassessment of the US and global economic outlook and a surge in tariff-induced recession fears. What lies ahead for the US economy amid this radical policy shift—and especially the uncertainty around it—is Top of Mind. -
Marsh
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Wells Fargo
➦ Holding the line
European Sentiment Underwhelms Amid Heightened Uncertainty -
World Economic Forum
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