According to the latest data from the International Monetary Fund’s World Bank meeting in Washington, global economic output will experience a “significant slowdown” in the months ahead.
The IMF states that U.S. President Donald Trump’s steep tariffs on trading partners will soon affect consumers, heightening the risk of a global recession.
Due to tariffs, the IMF forecasts that global growth will slow to 2.8%, while U.S. gross domestic product growth will drop to just 1.8%.
The IMF predicts that China’s growth outlook for 2025 will fall to 4.0%.
White House Press Secretary Karoline Leavitt stated that 18 countries have offered the U.S. a trade proposal so far, with Trump’s trade negotiating team set to hold negotiations with 34 countries this week.
Today, Trump expressed optimism that a trade deal with China is approaching and could “substantially” cut tariffs and stabilize markets; however, he maintained, “if they don’t make a deal, we’ll set the deal.”
By CEO NA Editorial Staff
