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Record W4410417922 · doi:10.1111/1468-0319.12822

World Economic Prospects Monthly | Global

2025· article· en· W4410417922 on OpenAlex

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

aboutThe title or abstract carries a Canadian signal from the geographic lexicon.
no affNo Canadian affiliation: this work is invisible to an affiliation-only frame.
No Canadian affiliation. An affiliation-only frame, the usual design, would never have seen this work. It is one of the works that make the case for inverting the frame.

Bibliographic record

VenueEconomic Outlook · 2025
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicEconomic and Business Studies
Canadian institutionsnot available
Fundersnot available
KeywordsEconomicsDevelopment economics

Abstract

fetched live from OpenAlex

Tariffs likely to spark a sharp slowdown, but not a recession We continue to expect the US tariff hikes will trigger a slowdown in global GDP growth from 2.8% last year to a sluggish 2.3% in both 2025 and 2026.While we think the US economy will suffer a bigger hit to growth than other major economies, we don't think that the US tariff hikes spell an end to US economic exceptionalism.By 2026, the US is likely to head back towards the top of the growth pack. It's still too early to get a reliable assessment of the initial impacts of the US tariff policy changes from recent economic data.Survey-based activity indicators generally softened in April, but don't point to widespread panic around the globe.For instance, the JP Morgan global manufacturing PMI eased to 49.8, but it is only just into contractionary territory and was weaker during most of H2 2024.It's never wise to draw too much from a single data point, particularly the survey-based indicators which have generally been a poor gauge of economic trends since the pandemic. Our baseline forecasts remain conditional on similar tariff assumptions to a month ago.We assume that tariffs on Canada and Mexico will remain in the mid-to-low teens until H2 next year, when we anticipate a new USMCA trade deal will be agreed and bring tariff rates back to around 2%. Tariffs on the rest of the world, excluding China, are anticipated to remain around 10%. In response to signs that both the US and China might be willing to negotiate on tariffs, we anticipate a lower path for tariffs imposed by the US and China on each other.The average effective US tariff rate on China is anticipated to come down to around 90% over the next month or two and eventually fall to 60%, in line with Trumps' presidential campaign pledge. However, tariffs of that size remain punitive, and we don't anticipate this will provide much of an economic boost to either economy.For China, this will particularly be the case if policymakers scale back any stimulus designed to insulate the economy from the US tariff hikes.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesMeta-epidemiology (narrow), Insufficient payload (model declined to judge)
Consensus categoriesInsufficient payload (model declined to judge)
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.790
Threshold uncertainty score1.000

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0010.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0010.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0020.015

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.015
GPT teacher head0.221
Teacher spread0.206 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it