Global growth forecast slashed by IMF over tariff impact

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The US suffers the biggest downgrade to growth among advanced economies, in the influential International Monetary Fund's latest forecast.

IMF chief economist Pierre-Olivier Gourinchas said the global economy "still bears significant scars" from the "severe shocks of the past four years"."It is now being severely tested once again," he added.

The figures given are what the IMF calls its "reference forecast" based on the situation as at 4 April, which was two days after Trump's announcement of wide-ranging tariffs.

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Category: Business

Markets: United KingdomChinaFranceGermanyItaly

Topics: Growth Tariffs Global Expected Year Forecast Trade Higher Uncertainty Economic

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 14:27:14 (4 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 957 words

Reading Time: 6 minutes read

Sentences: 38 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 28205440

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