While financial institutions have upwardly revised growth forecasts, economists remain divided:
Chief Global Strategist and the Director of Research at BCA, Peter Berezin (formerly with Goldman and the IMF), commented:
“The global economy is currently benefiting from massive tariff front-running, as evidenced by the surge in imports to the US. This has temporarily propped up production in places like Europe, Canada, and China. The floor falls out next week.”
With auto tariffs effective April 2 and reciprocal tariffs likely to follow, the front-loading effect will fade. Sweeping tariffs also make it harder for China to bypass levies through third-party routes like Mexico. This raises the risk of a demand slump for Chinese automakers and tech firms—though such effects may not immediately show in trade data. Instead,…
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