Wednesday Briefing: A Downgrade in Global Growth

Concerns grow over global economy as U.S. trade policies hit a snag. The International Monetary Fund (IMF) projects slowing economic growth globally this year due to tariffs, with forecasts dropping for the U.S., China, and Europe. The U.S. economy is expected to grow at 2.8% this year versus 3.3% in 2024, with an even slower outlook next year. IMF chief economist warns that trade policy uncertainty has reset the global economic system over the past eight decades.