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US, Global Economic Outlook Worsens in the Face of Trump's Tariffs, IMF Says

  • The International Monetary Fund lowered its global growth forecasts for 2025 to 2.8 percent, citing increasing trade tensions due to US tariffs under President Donald Trump.
  • US growth is expected to slow to 1.8 percent in 2025 and 1.7 percent in 2026, with elevated policy uncertainty and trade tensions impacting demand, according to the IMF.
  • China's growth is projected to decline to 4 percent in 2025 due to trade disputes with the US, while Mexico's economy is expected to contract by 0.3 percent, according to the IMF's findings.
  • IMF Chief Economist Pierre-Olivier Gourinchas stated, 'We are entering a new era as the global economic system that has operated for the last 80 years is being reset,' indicating increased risks to the global economy.
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Ecommerce News broke the news in on Monday, April 21, 2025.
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