The International Monetary Fund, IMF has projected a shrinking global growth and declining world inflation, occasioned by heightened uncertainties and key policy adjustments.
IMF’s Chief Economist, Pierre-Olivier Gourinchas who announced this yesterday in Washington DC, USA, while giving the fund’s global economic outlook, also downgraded the 2025 U.S. growth forecast to 1.8%, down from 2.7% projected in January, attributing the slide to the sweeping tariffs imposed by President Donald Trump and counter measures by trade partners.
The IMF’s Chief Economist said IMF has cut its worldwide growth estimate to 2.8%, down half a point from earlier forecasts.
According to the revised projection contained in the IMF’s April 2025 World Economic Outlook (WEO) report, released on the sidelines of the ongoing Spring Meetings of the IMF and the World Bank in Washington, DC, “For sub-Saharan Africa, growth is expected to decline slightly from 4.0% in 2024 to 3.8% in 2025, before recovering modestly to 4.2% in 2026.
READ ANOTHER RECENT STORY https://classic97.net/igp-orders-withdrawal-of-police-escorts-from-vips/
