Uncertainty Triggers a "Downgrade Parade" | S2 E022 | 03-21-25

Markets with Megan: A Quick Financial Markets Update · Mar 21, 2025 · 2m · transcript

Central banks worldwide have reduced their global GDP forecasts due to trade uncertainty, potential inflation increases, and weakening consumer spending. The Federal Reserve lowered US growth expectations to 1.7% for the year, following similar cuts from the Bank of England and European Central Bank.

• OECD has cut global GDP forecasts for this year and next

• Federal Reserve reduced US GDP forecast to 1.7%, down from 2.1% in December

• Bank of England cut UK GDP forecast in half last month

• ECB also lowered growth expectations due to trade uncertainty

• April 2nd has been designated as…