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Tag: protectionism vs free trade
Unleashing the Most Disruptive Trade Shift: How U.S. Tariffs Triggered the Worst IMF Forecast Revision in Years
In April 2025, the International Monetary Fund (IMF) significantly downgraded its forecast for U.S. economic growth, projecting a slowdown to 1.8% for the year, a notable decrease from the previous estimate of 2.7%. This revision is largely attributed to escalating trade tensions following the implementation of tariffs by the U.S. administration. The IMF also raised its U.S. inflation forecast to approximately 3%, about a one-percentage-point increase from earlier projections. (Investopedia)