Global growth forecast slashed by IMF over tariff impact

The forecast for US economic growth for this year has been given the biggest downgrade among advanced economies by the International Monetary Fund (IMF) due to uncertainty caused by trade tariffs.
Growth is now expected to be 1.8% this year, down from the IMF’s estimate of 2.7% for the US in January.
The sharp increase in tariffs and uncertainty will lead to a “significant slowdown” in global growth, the Fund predicts.
The forecast for the UK has also been cut, with the economy now expected to grow by 1.1% this year.
But the IMF has predicted UK economic growth will be stronger than Germany, France, and Italy.

Source: BBC | Language: English