China, Mexico, Canada bear brunt of US tariffs – IMF

Jide Ajia - Punch - 17:42
The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the effect of US President Donald Trump’s new tariff policies on the world economy. The IMF’s projections, which incorporate some but not all tariff measures introduced this year, see the global economy growing by 2.8 percent this year, 0.5 percentage […]

The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the effect of US President Donald Trump’s new tariff policies on the world economy.

The IMF’s projections, which incorporate some but not all tariff measures introduced this year, see the global economy growing by 2.8 percent this year, 0.5 percentage points lower than the previous World Economic Outlook forecast in January.

Global growth is then forecast to hit 3.0 percent next year, down 0.3 percentage points from January.

“We are entering a new era as the global economic system that has operated ...
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