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Four big themes as IMF takes aim at UK growth and inflation
Six months ago the International Monetary Fund (IMF) warned that the world economy was heading for a serious slowdown, in the face of Donald Trump's tariffs.
It slashed its forecasts for economic growth both in the US and predicted that global economic growth would slow to 2.8% this year. Today the Fund has resurfaced with a markedly different message.
It upgraded growth in both the US and elsewhere. Global economic growth this year will actually be 3.2%, it added.
So, has the Fund conceded victory to Donald Trump? Is it no longer fretting about the economic impact of tariffs? Money latest: Shock over retirement age Either way, the World Economic Outlook (WEO), the IMF's six-monthly analysis of economic trends, is well worth a look. This document is perhaps the ultimate synthesis of what economists are feeling about the state of the world, so there's plenty of insights in there, both about the US, about far-reaching trends like artificial intelligence, about smaller economies like the UK and plenty else besides.
Here, then, are four things you need to know from today's WEO. The tariff impact is much smaller than expected… so far The key bit there is the final two words.
The Fund upgraded US and global growth, saying: "The global economy has shown resilience to the trade policy shocks.
Amir Nisi
Creative and experienced content writer with 6+ years of experience lazy to create unique content strategy for News5 to turn website visitors into customers.
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