> International Monetary Fund says US, global economic outlook deteriorates in Trump trade war
International Monetary Fund says US, global economic outlook deteriorates in Trump trade war
Clip ID 2579049
Clearance
Add to
Share
Add to Review Link
By Request
By Request assets are not available for immediate purchase.
This content has not been pre-checked for copyright.
Per clip rates are for 20 seconds of final usage. If you are using more then 20 seconds or need a different file format or have questions about clearances contact us
Description
The outlooks for the U.S. and global economies have significantly worsened in the wake of President Donald Trump's tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday.
The IMF said that the global economy will grow just 2.8% this year, down from its forecast in January of 3.3%, according to its latest World Economic Outlook. And in 2026, global growth will be 3%, the fund predicts, also below its previous 3.3% estimate.
And the Fund sees the world's two largest economies, China and the United States, weakening: U.S. economic growth will come in at just 1.8% this year, down sharply from its previous forecast of 2.7% and a full percentage point below its 2024 expansion. The IMF doesn't expect a U.S. recession, though it has raised its odds of one this year from 25% to 37%.
MORE: https://www.wthr.com/article/news/nation-world/us-world-economic-outlook-down/507-2faaca8f-19ba-41e9-9cc0-345026864877