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BIS models potential macroeconomic impact of tariffs

Gantry cranes stand as containers stack below at Brani Terminal, operated by PSA (Port of Singapore Authority) International Pte, on April 12, 2025 in Singapore. Singapore, one of the world's most trade-dependent economies, faces significant challenges amid escalating global trade tensions and protectionist policies.
Photo: Annice Lyn/Getty Images

Thomas Hyrkiel

2 min read
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Lower output growth as well as diverging regional inflationary and deflationary pressures may be the consequence of persistent tariff and policy uncertainty.

The Bank for International Settlements (BIS) bulletin on the macroeconomic impact of tariffs delineates the implications of these on regional growth and inflationary scenarios.

It is highly recommended reading for risk, policy and compliance professionals.

As my colleague Vlada points out in her excellent article on the implications of the

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