The International Monetary Fund (IMF) has cut its economic growth forecasts for 2025, saying an increase in tariffs and uncertainty will lead to a "significant slowdown".
The IMF, in its latest global outlook, predicts the global economy will grow by 2.8% this year, down from its previous forecast of 3.3%.
The Fund has given the United States the biggest downgrade among advanced economies, with its forecast growth now expected to be 1.8% this year, down from its previous estimate of 2.7%.
The UK’s growth forecast for 2025 has also been cut - down to 1.1% from the previous prediction of 1.6%.
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