IMF slashes SA, global growth forecasts as tariffs reach highest level in a century under Trump

MSN - 07:01
The IMF, in an unprecedented move, provided the forecast it had worked up before Trump’s ‘Liberation Day’ tariff announcements roiled financial markets and sent its number crunchers scrambling.

Covid-19 was a once-in-a-century pandemic – and US President Donald Trump’s tariffs are also a calamity measured by that time scale. 

The International Monetary Fund (IMF) said on Tuesday that it was slashing its forecasts for global economic growth in the face of the highest tariff levels in a century and the erratic manner in which they have been implemented. 

In its latest World Economi...
[Short citation of 8% of the original article]