WASHINGTON - The United States and global economies will likely slow significantly in the wake of President Donald Trump’s tariffs and the uncertainty they have created, the Interna-tional Monetary Fund said Tuesday.
The IMF said that the global economy will grow just 2.8% this year, down from its forecast in January of 3.3%, according to its latest World Economic Outlook. And in 2026, global growth will be 3%, the fund predicts, also below its previous 3.3% estimate. And the Fund sees the world’s two largest economies, China and the United States, weakening: US economic growth will come in at just 1.8% this year, down sharply from its previous forecast of 2.7% and a full percentage point below its 2024 expansion. The IMF doesn’t expect a US recession, though it has raised its odds of one this year from 25% to about 40%. (Jamaica Gleaner/AP)
