Charting the global economy: Tariffs fuel US inflation concerns
A preliminary March survey of consumers showed sentiment sank by more than projected, while long-term inflation expectations jumped as the Trump administration pushes forward with higher duties on foreign goods just as price pressures showed signs of easing.
Meanwhile, the UK economy shrank unexpectedly at the start of the year on weaker manufacturing and construction. In China, the economy remains hamstrung by persistent deflation.
Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, markets and geopolitics:
US
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Consumer sentiment fell to a more than two-year low and long-term inflation expectations jumped by the most since 1993, illustrating growing apprehension about the economic impact from tariffs. Consumers’ expectations of their finances dropped to the lowest level on record, the University of Michigan survey showed.
US consumer prices rose at the slowest pace in four months in February, welcome news for American households who remain apprehensive about the potential for tariffs to drive costs higher. Economists anticipate that an escalating trade war will drive up prices on a variety of goods from food to clothing in the coming months, testing the resilience of consumers and the broader economy.
President Donald Trump dialed back his latest trade-war threat against Canada hours after making it, while downplaying the risk of a tariff-led recession that’s sent US markets into a nosedive.
Europe
Germany is experiencing its
