Bloomberg Intelligence

IMF Slashes Growth Forecasts, Warns Trade War Risks Worsening Outlook

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Apr 22, 2025
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INSIGHT

IMF Slashes Global and U.S. Growth Forecasts

  • The IMF cut global growth forecasts citing tariffs and trade war risks.
  • U.S. growth is much lower at 1.5% with rising inflation and unemployment expected.
INSIGHT

UK Least Affected by Tariffs

  • The UK economy is least affected by U.S. tariffs as only minor tariffs apply.
  • Growth, inflation, and unemployment in the UK remain mostly unchanged in IMF forecasts.
INSIGHT

China Growth Hit Hard by Trade Risks

  • China faces significant growth slowdown to 3.2%, lowest in decades due to trade tensions.
  • Inflation is forecasted to be flat for China, possibly disinflating or deflating.
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