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IMF Warns U.S. Market Correction Could Cost $35 Trillion

10/17/2025

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Summary

Story summary

Gita Gopinath, the IMF's First Deputy Manager, warns a correction in U.S. equities at record levels could have severe global consequences.
She compares current market dynamics to the late 1990s tech boom.
She projects a downturn could erase over $20 trillion for American households and $15 trillion for global investors.
She cites tariffs, tensions, and limited policy tools as risks and urges balanced regional growth.

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Story summary

Gita Gopinath, the IMF's First Deputy Manager, warns a correction in U.S. equities at record levels could have severe global consequences.
She compares current market dynamics to the late 1990s tech boom.
She projects a downturn could erase over $20 trillion for American households and $15 trillion for global investors.
She cites tariffs, tensions, and limited policy tools as risks and urges balanced regional growth.