The International Monetary Fund (IMF) says the United States is forecast to be hit the hardest among advanced economies because of uncertainty caused by tariffs.
It says the United Kingdom's own growth projection has also been cut.
Growth in the US is now expected to be just 1.8% this year down from the IMF's initial estimate of 2.7% in January.
Meanwhile, US markets are rebounding following losses on Monday.
They had been rattled by Donald Trump's attack on US central bank boss Jerome Powell, who he blasted for not cutting interest rates.
The IMF's chief economist, when pressed on Mr. Trump's comments, said it was critical for central banks to remain independent, adding that they will do what is necessary to bring inflation under control.
comments powered by Disqus
All feeds
