2Photo© thehindu.comIMF Cuts Global Growth Outlook Amid Trump Tariffs, Has Warning For India Too
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The International Monetary Fund on Tuesday cut its global growth forecasts citing the impact of the tariffs imposed by the United States earlier this month.
The swift escalation of trade tensions and extremely high levels of policy uncertainty are expected to have a significant impact on global economic activity, it said in a report on Tuesday.
The United Nations’ financial agency slashed its global growth forecast by 0.5 percentage point to 2.8% for 2025. It cut its January forecast for 2026 by 0.3 percentage point to 3%.