Washington - The International Monetary Fund (IMF) has released its latest World Economic Outlook, significantly reducing its global growth forecast. The primary reason cited for the downgrade is the continued impact of tariffs and trade tensions between major economies.
The report highlights that the United States has experienced the largest downward revision among advanced economies. This reflects the IMF's assessment of the negative consequences of trade policies on the US economy. While the report does not specifically name countries, it is widely understood to be a response to trade disputes with China and other nations.
The IMF's revised forecast paints a less optimistic picture for the global economy in the coming years. The organization urges countries to find common ground and resolve trade disputes to avoid further economic damage. The report emphasizes the importance of international cooperation and multilateralism in fostering sustainable growth.
IMF Cuts Global Growth Forecast, Cites Tariff Impact
The International Monetary Fund (IMF) has lowered its global economic growth forecast, citing the negative effects of tariffs and trade tensions. The report indicates a slowdown in various regions, with the United States experiencing a significant downgrade. This revised outlook raises concerns about the stability of the global economy. The IMF urges countries to resolve trade disputes and promote international cooperation.
Source: Read the original article at BBC