IMF Says US Economy Slowing But Doesn’t Forecast Recession

The International Monetary Fund sees the US economy shifting into a lower gear this year as President Donald Trump pushes forward with aggressive tariffs but doesn’t see a recession on the horizon.

“Large policy shifts have been announced and the incoming data is signaling a slowdown in economic activity from the very strong pace in 2024,” IMF spokeswoman Julie Kozack said Thursday in a press briefing. “All of this said, recession is not part of our baseline.”