23/4/2025, 9:15:05 am

IMF slashes global outlook as White House says trade talks pick up pace

The IMF warns global growth will slow to 2.8% in 2025, the lowest since COVID, due to U.S. tariffs. U.S. GDP growth is expected to drop to 1.8%, while China's growth is slashed to 4% amid a trade embargo. Trump is negotiating with 34 countries, expressing optimism about a deal with China to lower tariffs, boosting markets.