IMF warns of dim outlook for world as US and China restart trade war

The International Monetary Fund warned that the global economy is showing signs of strains from sweeping US tariffs and protectionism — even though it so far has held up better than expected.

The global economy is expected to grow by 3.2 per cent this year, up from 3 per cent predicted in July, the Washington-based lender said in its latest World Economic Outlook on Tuesday. In 2026, growth is seen edging down to 3.1 per cent.

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Bloomberg