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President Donald Trump’s unleashing of tariffs is a “major negative shock” to the global economy that will shave half a percent off GDP growth in 2025, according to the International Monetary Fund (IMF).
The IMF slashed its global growth forecast to 2.8 percent for the year, down from 3.3 percent, and warned that the “unpredictability with which these measures have been unfolding” makes it “more difficult than usual” to form its projections.
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