The International Monetary Fund (IMF) has lowered its global economic growth forecast for 2025 to 2.8 percent and predicted the wave of tariffs and uncertainty unleashed by U.S. President Donald Trump will lead to a worldwide economic slowdown.
On Tuesday, the Bretton Woods Institute revised its 3.3 percent projection forecast in January.
Global growth for 2026 was projected to drop to 3 per cent, also down from 3.3 percent.
IMF economic counsellor Pierre-Olivier Gourinchas said the world economy was being severely tested following the new tariffs announced by President Trump.
The IMF noted that its April forecast was “put together under exceptional circumstances", citing President Trump’s announcement on 2 April that the U.S. was imposing blanket tariffs of 10 percent on nearly all trading partners, plus additional levies for a host of countries.
