IMF warns that global economy will be hit hard by Trump's trade war
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The International Monetary Fund has warned that President Trump's trade war will lead to slower economic growth around the world and higher inflation in the U.S.
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President Donald Trump’s unpredictable tariff policy and countermeasures by America’s trading partners will likely deal a heavy blow to economies worldwide, with US prosperity hit particularly hard, the International Monetary Fund warned Tuesday.
The IMF said that the global economy will grow just 2.8% this year, down from its forecast in January of 3.3%, according to its latest World Economic Outlook.
The International Monetary Fund says the US and global economies will likely slow significantly in the wake of President Donald Trump’s tariffs and the uncertainty they have created.
The International Monetary Fund (IMF) predicted higher inflation and "significantly" slower global economic growth due to the tariffs. It also indicated zero growth for the German economy in 2025.
Editorial: The US president’s economic agenda collides with fragile financial systems, triggering market fears, investor flight and developing nation chaos
The IMF said that the global economy will grow just 2.8 percent this year, down from its forecast in January of 3.3 percent, according to its latest World Economic Outlook.
The International Monetary Fund has warned that President Trump's trade war will lead to slower economic growth around the world and higher inflation in the U.S.
The International Monetary Fund projects a major economic slowdown in the U.S. and globally, attributing it to President Trump's tariff policies and trade war.
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IMF warns that global economy will be hit hard by Trump's trade war | Since Then