The International Monetary Fund (I.M.F.) has forecasted a slowdown in global economic growth due to President Trump's trade war and implemented tariffs. The new projections estimate a decline in global output from 3.3% in 2024 to 2.8% this year, with expectations of further decreases next year. This dimmer outlook is driven by increased uncertainty surrounding trade policies in the U.S., which is impacting not just its own growth but also affecting projections for China and Europe, as well as triggering higher inflation rates.
The global economic system that has operated for the past 80 years is being reset, the I.M.F.'s chief economist said.
The surge in uncertainty related to trade policy but also more broadly is a major driver of the economic outlook, he said.
Collection
[
|
...
]