Chief Economists Outlook January 2025

30Chief Economists Outlook International Monetary Fund. (2024c). Fiscal Monitor, October 2024: Putting a Lid on Public Debt. https://doi.org/10.5089/9798400281266.089. International Monetary Fund Asia and Pacific Department. (2024). People’s Republic of China: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People’s Republic of China. IMF Staff Country Reports, (258), 1. https://doi.org/10.5089/9798400284281.002. Javorcik, B., Kitzmüller, L., Schweiger, H., & Yıldırım, M. A. (2024). Economic costs of friendshoring. The World Economy, 47 (7), 2871-2908. https://doi.org/10.1111/ twec.13555. Kaushik, K., & Reed, J. (2024, 6 December). India central bank cuts growth forecast. Financial Times. https://www.ft.com/content/7ebf0eb2-b41b-44c4-bd43- b15afba38667. Kearney. (2024, November). Made in America: Here to stay? Kearney. https://www.kearney. com/service/operations-performance/us-reshoring-index. Klein, E. (2024, 1 November). Are We on the Cusp of a New Political Order? The New York Times. https://www.nytimes.com/2024/11/01/opinion/ezra-klein-podcast-gary- gerstle.html. Morgan Stanley. (2024). Global Economic Outlook 2025. https://www.morganstanley.com/ ideas/global-macro-economy-outlook-2025. Nagel, J. (2024, 18 November). Geoeconomic fragmentation: Handling inflation pressures and volatility, increasing resilience. Deutsche Bundesbank. https://www. bundesbank.de/en/press/speeches/geoeconomic-fragmentation-handling-inflation- pressures-and-volatility-increasing-resilience-944408. Piciotto, R. (2024, 4 February). Trump floats ‘more than’ 60% tariffs on Chinese imports. CNBC. https://www.cnbc.com/2024/02/04/trump-floats-more-than-60percent- tariffs-on-chinese-imports.html. Pitas, C. (2024, 26 November). Trump vows new Canada, Mexico, China tariffs that threaten global trade. Reuters. https://www.reuters.com/world/us/trump-promises- 25-tariff-products-mexico-canada-2024-11-25/. Politi, J., Sevastopulo, D., & Williams, A. (2024, 10 May). US set to impose 100% tariff on Chinese electric vehicle imports. Financial Times. https://www.ft.com/ content/9b79b340-50e0-4813-8ed2-42a30e544e58.