TOKYO -- The International Monetary Fund on Tuesday lowered its 2025 growth forecasts for the world and its two largest economies, as the global trading system undergoes what the lender described as a historic "reset" triggered by U.S. President Donald Trump's tariff policy.
The U.S. economy is now expected to grow 1.8% this year, nine-tenths of a percentage point lower than the previous forecast in January, the IMF said at its annual spring meetings with the World Bank. Higher tariffs are forecast to cost four-tenths of a point, the fund said.
