The International Monetary Fund has downgraded global economic growth because of US tariffs and market uncertainties that will lead to a significant worldwide slowdown. The International Monetary Fund ...

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The International Monetary Fund has cut its 2025 global growth projections to 2.8%, down from January's forecast of 3.3%.

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“We're entering a new era, as the global economic system that has operated for the last eighty years is being reset,” the IMF’s chief economist, Pierre-Oliver Gourinchas, told reporters in Washington.

The IMF said that the global economy will grow just 2.8 per cent this year, down from its forecast in January of 3.3 per cent, according to its latest World Economic Outlook.

Global 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.