Editorial Board

Trump Stress-Tests the World Economy

The biggest risk to global growth comes from the U.S.

Piling on.

Photographer: Joe Raedle/Getty Images

Taking stock of the global economy as finance ministers and central-bank governors gathered in Washington for its spring meetings, the International Monetary Fund found reason for concern. "[R]isks beyond the next several quarters clearly lean to the downside," it reports.

Well, that's hardly unusual -- the IMF exists to be concerned. Rarely, though, has it had better grounds.