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IMF slashes global economic outlook

  • The International Monetary Fund lowered its outlook for 2025 world economic expansion Tuesday in Washington.
  • Rising trade friction from US tariff actions caused this downward revision.
  • The fund's calculation excludes tariff increases announced after April 4.
  • It now projects world economic expansion at 2.8% for 2025.
  • The IMF warned policy and trade disruptions could weaken demand.
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US and Global News broke the news in on Tuesday, April 22, 2025.
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