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.
Economy
IMF slashes China, US, global growth forecasts on trade war
Chinese economy to expand 4% this year, a full point below government target
International Monetary Fund Managing Director Kristalina Georgieva speaks in Washington ahead of the IMF/World Bank Spring Meetings on April 17. © Reuters
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