The International Monetary Fund edged up its 2025 global growth forecast on Tuesday as tariff shocks and financial conditions have proven more benign than expected, but warned that a renewed U.S.-China trade war threatened by President Donald Trump could slow output significantly.
The IMF said in its World Economic Outlook that recent trade deals between the U.S. and some major economies have avoided the worst of Trump’s threatened tariffs with little retaliation, prompting its second growth upgrade since April.
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