The IMF reckons the global economy remains ‘in flux’, but the Trump effect is real – and Australians aren’t fooled | Greg Jericho

Even as the government and investors try to treat the Trump situation as normal', the US has never been less attractive to Australian holidaymakers

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The latest IMF world economic outlook released on Wednesday does not mention Trump" once in its 166 pages, but he is all over the report as his economic policies continue to make life difficult for everyone. But while the IMF reports Trump's impact on the global economy is yet to be fully realised, Australian holidaymakers have already made their judgment and are deserting the US in droves.

The IMF always likes to be polite. It titled the October 2025 world economic outlook Global Economy in Flux, Prospects Remain Dim" rather than as I would have: Trump remains dim, so who the hell knows what will happen."