Global growth forecast slashed by IMF over tariff impact

Quick Summary:

The US suffers the biggest downgrade to growth among advanced economies, in the influential International Monetary Fund's latest forecast.

In a growing trade war, the US has placed tariffs of up to 145% on Chinese goods, while China has hit back with 125% on US products.

Trump says tariffs will encourage US consumers to buy more American-made goods, increase the amount of tax raised and lead to huge levels of investment in the country.

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Article Details

Category: Business

Markets: United KingdomChinaFranceGermanyIndiaItaly

Topics: Tariffs Expected Global Uncertainty Forecast Given China Growth Year Trade

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 13:01:03 (16 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 740 words

Reading Time: 5 minutes read

Sentences: 37 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 28150398

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 5 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 13 hours ago

Coverage Areas: United Kingdom

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Publication Timezone: GMT +0:00

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Publisher ID: #43

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