The International Monetary Fund says the economic outlooks for the U.S. and the world have worsened significantly due to Trump’s trade war.
Their April 2025 World Economic Outlook projects global growth to decline to 2.8% in 2025 amid escalating trade tensions and policy uncertainty.
At the same time it adds, inflation will be higher.
It says the UK’s economy will be among the hardest hit in a global trade war – as it slashes the country’s growth forecast by a third to 1.1%
It has also slashed the 2025 U.S. growth forecast to 1.8% from 2.7%, citing trade tensions
Without the April tariffs, global growth forecast would be fairly similar to that projected in January. Under the tariffs, global growth is projected to slow down significantly but remain above recession levels says the organisation
