Cutting through an overload of information to get to the heart of the story.
This is The Point.
Higher inflation and lower growth.
That's the message from the IMF's sobering World Economic Outlook for 2025.
The report, published on Tuesday,
forecasts half a percentage point lower global growth for 2025 compared to January estimates before Donald Trump returned to the White House.
This is the clearest indication to date of the damage his tariff gambit is having on the global economy.
reports of the U.S. using tariff relief to coerce countries into distancing themselves from China.
The Ministry of Commerce has warned that China will take resolute countermeasures against countries that choose to do so.
So how to reverse the damage to the global economy before it's too late?
Who should make the first move to de-escalate the tariff standoff between the world's two largest economies?
Welcome to this edition of The Point with me, Liu Xin, coming to you from Beijing.
I'm pleased to be joined from New Jersey.
The U.S. by Anthony Chan, Global Chief Economist at Chan Economics.
From Davis, California by Steve Hoffman, CEO and Chairman of Founders Space.
And here in the studio by Jiang Gong,
Vice President of the University of International Business and Economics Israel.
And of course, a professor that's very much frequenting the shows here at CGTN.
Welcome, gentlemen, to the show.
Let's talk about the World Economic Outlook 2025 report.