The International Monetary Fund (IMF) warned that global growth will slow amid rising trade tensions and protectionist policies. In its World Economic Outlook released Tuesday, the IMF projected global growth at 3.2% in 2025, slipping to 3.1% in 2026, as tariff measures in the United States and elsewhere take effect.
The IMF said that while the global economy has held up better than expected—thanks to delayed U.S. tariffs and firms stockpiling goods—risks are mounting.
IMF Growth Projections for 2025
— IMF (@IMFNews) October 14, 2025
🇺🇸 US: 2.0%
🇩🇪 Germany: 0.2%
🇫🇷 France: 0.7%
🇪🇸 Spain: 2.9%
🇬🇧 UK: 1.3%
🇨🇳 China: 4.8%
🇯🇵 Japan: 1.1%
🇮🇳 India: 6.6%
🇷🇺 Russia: 0.6%
🇧🇷 Brazil: 2.4%
🇸🇦 Saudi Arabia: 4.0%
🇳🇬 Nigeria: 3.9% https://t.co/bbUb7LaE1v pic.twitter.com/pmeQ51geOW
President Donald Trump recently threatened a 100% tariff increase on Chinese imports, while new U.S. tariffs on lumber and furniture took effect Tuesday.
Tariffs are lower than we previously expected. Accordingly, we now project global growth at 3.2% in 2025, slowing to 3.1% next year. See our blog for more. https://t.co/3pF7VIlij1 pic.twitter.com/wV5pelnWAK
— IMF (@IMFNews) October 14, 2025
The Fund also expects U.S. growth to ease to 2%, with inflation rising as tariff costs reach consumers.
Industrial policy can help boost production in some industries, but it must be pursued carefully because it’s often costly for governments and comes with trade-offs. See our blog for more. https://t.co/3pF7VIlij1 pic.twitter.com/jvGQmCCeuf
— IMF (@IMFNews) October 14, 2025
Finance ministers meeting in Washington this week are prioritizing economic stability and development over climate issues, reflecting the Trump administration’s policy focus.
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TIPP Staff
TIPP Staff
