President Donald Trump’s unpredictable tariff policy and countermeasures by America’s trading partners will likely deal a heavy blow to economies worldwide, with U.S. prosperity hit particularly hard, the International Monetary Fund (IMF) warned Tuesday.
Global economic growth will slow to 2.8 percent this year, from 3.3 percent last year and significantly below the historical average, the IMF forecast in its World Economic Outlook.
The slowdown expected in the United States is even steeper, with its economy likely to grow only 1.8 percent in 2025, compared with a 2.8 percent expansion in 2024.
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