Global Economic Projections for 2025 Dampened by Trade War

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Adi Ahdiat 23/04/2025 14:31 WIB

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The IMF lowered its global economic growth projection in April 2025, following the emergence of a trade war sparked by U.S. President Donald Trump's policies.

IMF Revisions to Global Economic Growth Projections for 2025 (January-April 2025)

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IMF Revisions to Global Economic Growth Projections for 2025 (January-April 2025)

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The International Monetary Fund (IMF) has cut its projection for global economic growth this year.

Previously, in January 2025, the IMF projected that the global economy would grow by 3.3% this year.

However, in April 2025, the projection was lowered to 2.8%. This was influenced by the emergence of a "trade war" triggered by the policies of United States (US) President Donald Trump.

"The downward revision is broadly based across countries, largely reflecting the direct impact of the new trade policy measures, as well as the indirect effects from increased uncertainty and deteriorating sentiment," the IMF stated in its April 2025 edition of the *World Economic Outlook*.

According to IMF records, as of April 14, 2025, the US imposed effective tariffs of around 25% on its global trading partners, a sharp increase from an average of below 3% at the beginning of 2025.

Specifically for China, as of April 16, 2025, the US imposed tariffs in the range of 145-245%, after China implemented a 125% tariff on the US.

"Rising trade tensions and high levels of policy uncertainty are expected to have a significant impact on global economic activity," said the IMF.

"Going forward, the world needs clarity and coordination. Countries need to work constructively to promote a stable and predictable trading environment, facilitate debt restructuring, and address common challenges," it continued.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Global Economic Projections for 2025 Dampened by Trade War

Global Economic Projections for 2025 Dampened by Trade War

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