US tariffs to reach 15% by 2025, global growth faces strain: Nomura
US tariffs are projected to reach 15 per cent by end of 2025, triggering stagflation domestically and a global demand shock, according to Nomura. While central banks may cut rates, the Fed is likely to stay on hold. China faces export and property headwinds, Europe may benefit long-term, and Japan sees inflation easing. India emerges as a key winner from global supply chain shifts, the report noted.
US tariffs are projected to reach 15 per cent by end of 2025, triggering stagflation domestically and a global demand shock, according to Nomura.
While central banks may cut rates, the Fed is likely to stay on hold.
China faces export and property headwinds, Europe may benefit long-term, and Japan sees inflation easing.
India emerges as a key winner from global supply chain shifts, the report noted.
