Global trust then knows that commercial wars are looming on IMF meetings

Hello and welcome to Firstft Asia. In today's newsletter:

• The deterioration of global growth prospects

• South Korea “will not retaliate” against American prices

• Why Jamie Dimon is right on meetings

Global growth threats increase as the commercial shock focused on the United States crushes trust and slamming financial markets, according to Research for the Financial Times. The conclusions have become key meetings of economic decision -makers in Washington this week.

What research has revealed: The trusted indicators have dropped sharply while the financial market conditions have deteriorated, according to the BrooKings-FT monitoring indices for the global economic recovery, or Tiger. The deterioration of global prospects is a marked contrast with the relatively firm start of the year. Confidence figures for the United States are particularly austere, showing the lowest levels of confidence since the start of the index, in parallel with a high deterioration in financial market conditions. The levels of confidence in China and Germany have also hovered at depressed levels.

What analysts have said: ESWAR PRASAD, a principal researcher at Brookings Institution, said that it would be “premature” to predict a global recession, but warned that the breakdown of global trade and the uncertainty of higher policies would considerably remove growth. “We saw this huge shock,” said Prasad. “Each open economy based on trade will be in a hurry, and in addition to that, you will have effects of confidence (negative).”

In the future: The conclusions come as economic decision -makers and finance ministers from around the world to meet in Washington for the first set of Spring meetings of the IMF / World Bank since the inauguration of Donald Trump as an American president. Kristalina Georgieva, CEO of the IMF, warned last week that the fund was preparing to reduce growth forecasts, because “the volatility of the financial markets is increasing” and that “the uncertainty of trade policy is literally outside the graphics”.

Washington meetings come as political decision -makers are waiting for greater clarity on the position of the Trump administration towards the Bretton Woods institutions. The White House launched an examination in the role and support of the United States to international institutions – and the Treasury Secretary Scott Bessent is expected to combat the policies of the new administration on the IMF and the World Bank in a discussion on Wednesday. Read the full story.

Here is what I have one eye on today:

• Monetary policy: Banque Populaire de China makes its loan rate announcement.

• Global economy: Spring meetings of the IMF and the World Bank begin in Washington, ending on Saturday.

• Relations to Indie: Vice-president JD Vance begins a Four -day visit to India For discussions on trade and geopolitical links. (Associated Press)

Five other best stories

1. South Korea “will not retaliate” against American prices, said its acting president, Citing the country's historic debt to Washington before trade negotiations with the Trump administration which should start this week. Han Duck-SOO told FT that “the role of the United States was enormous to make Korea what it is now”. Read the full interview.

2. The Israeli army admitted “professional failures” and said that he would dismiss an officer, After an incident in which his forces killed 15 unarmed emergencies in the south of Gaza last month. Israeli defense forces had to modify several elements of his account of what happened after A video has become counterattack of its previous versions.

3. Chinese technological groups run a campaign of several billion dollars to help Traditional exporters go to interior sales In the midst of a growing trade war with the United States. Alibaba, JD.com and Pinduodoo electronic commerce giants are among the Internet groups biting The national movement To amortize the economy of China of Trump prices.

4. The Trump administration floated by abolishing the American agency of the State Department in charge of Policy in Africa And close numerous embassies on the continent in a draft decree which has been criticized as a “hoax” by Secretary of State Marco Rubio. Here are the proposals of the document project.

• More American news: A republican member of the senatorial committee which oversees the federal reserve Criticized Trump's attacks on Jay PowellSaying that no president has the power to dismiss the head of the American central bank.

5. The president of Ukraine, Volodymyr Zelenskyy, said yesterday that Russia had launched new attacks Despite President Vladimir Putin ordered his army to suspend combat operations in Ukraine during the Easter holidays. “In practice, Putin does not have full control of her army, the situation proves that in Russia, they do not intend to make a real movement towards the end of the war,” wrote Zelenskyy on social networks. Read the full story.

In -depth news

The latest China export controls on rare earth minerals could Cause of stops in automotive productionWith stocks of essential magnets that should run out in a few months if Beijing completely stifles exports. Traders and leaders warned that companies had been caught off guard and would race to find alternative supplies to avoid a major disturbance.

We also read. . .

• Trump's prices hit the Chinese district: Small American Chinese companies in New York are fighting to face With the worst American-Chinese trade war.

• Slobe world: The last pieces of communion and ingenuity on the Internet scanned By a tide of so-called artificial intelligence, writes Jacob Silverman.

• Arctic security: Despite the increase in diplomatic tensions, the most immediate geopolitical risk is not a military conflict, writes Martin Sandbu.

Graphic of the day

The British government's decision to take control of British steel from the Chinese owner Jingye led to requests largest investment examination of China in the country. China has paid more than $ 100 billion in the United Kingdom since 2000, while energy alone has been almost a fifth of all major Chinese investments since 2005.

Take a break in the news

Jamie Dimon's annual letter to shareholders struck a nerve with his Call to “kill” meetings. Many workers share the frustration of the chief executive officer of JPMorgan in the face of an endless discussion, writes Emma Jacobs.