IMF forecasts slower U.S. economic growth in 2025, pointing to escalating trade war
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The International Monetary Fund projects sluggish growth for the U.S. economy this year due to an escalating trade war, reinforcing economists’ warnings about the negative repercussions of President Trump’s tariffs.
The U.S. economy will grow 1.8% this year, the IMF said in its World Economic Outlook, down .9% from January and a full percentage point from last year’s projection. The global institution does not expect the U.S. to dip into a recession, but said the odds now have risen from 25% to 37%.
The IMF also slashed the growth forecast for the global economy to 2.8% this year, down from 3.3% in January.
Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at “60 Minutes”, CBSNews.com, and CBS News 24/7 as part of the CBS News Associate Program.
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