Global growth set to slow sharply amid trade tensions, policy uncertainty: IMF

News Snapshot:

Global economic growth is set to slow more sharply in calendar year 2025 than anticipated as rising trade tensions and elevated policy uncertainty dampen activity, the International Monetary Fund (IMF) said Tuesday in its latest World Economic Outlook (WEO) 2025. The IMF downgraded forecasts for emerging economies, citing their integration with global supply chains, declining investments amid uncertainty, and weakened demand due to tariffs. Global gross domestic product (GDP) is now projected to grow 2.8% in 2025 and 3% in 2026—down from the 3.3% forecast for both years in the January 2025 update. This marks a cumulative downgrade of 0.8...