US EditionReflections on IMF’s latest World Economic Outlook Report and Trump’s tariffs writes Phumlani Majozi
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Reflections on IMF’s latest World Economic Outlook Report and Trump’s tariffs writes Phumlani Majozi
IN its latest World Economic Outlook Report released this past week, the International Monetary Fund (IMF) cut its global economic growth forecast to 2.8% for year 2025, down from 3.3% forecast last January. Projections for 2026 are down too, from 3.3% in IMF’s January 2025 report, to 3.0% in the latest report. The IMF said that policy uncertainty has increased since January. Pierre-Olivier Gourinchas, the IMF’s chief economist, remarked, “We’re…
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