The US economic growth rate is projected to be 1.8 per cent this year, down 0.9 percentage points from January's forecast, according to the IMF's World Economic Outlook report released on Tuesday.

The IMF estimates that the world economy expanded by 3.3% last year, with the US rate pegged at 2.9%. The agency lowered its 2024 China growth outlook by 0.2 percentage point to 4.8%.

IMF forecasts China’s GDP at 4% in both 2025 and 2026, down from 5% growth last year. India’s growth is projected to slow to 6.2% this year and increase to 6.3% in 2026. More from Pro Farmer.

GDP in the world's second largest economy is expected to further slow in 2025 to 4.5%, and be on a downward trajectory to 3.3% by 2029, according to the IMF's latest World Economic Outlook in July.

Notably, the IMF staff modeled the potential impact of a global escalation in tariffs. They found it could reduce the level of US GDP by 0.4% compared to their baseline forecast for 2025, and by 0 ...

Still Sluggish Global Growth. Full Text PDF. Global growth remains subdued. Since the April World Economic Outlook (WEO) report, the United States further increased tariffs on certain Chinese imports ...

According to the Fund’s report, world GDP will grow by 2.8% in 2025 and 3.0% in 2026. For the euro area, growth will be 0.8% and 1.2% for 2025 and 2026 respectively.

The IMF's April World Economic Outlook update downgrades global growth forecasts due to U.S. trade policy shifts, highlighting significant economic uncertainty. Growth estimates for major ...

The budget outlook is based on the IMF's "reference forecast" for 2.8% global GDP growth this year in its latest World Economic Outlook, which includes tariff developments through April 4.

The IMF's report slashed its 2025 economic growth forecast for the U.S. to 1.8%, slashing 0.9 percentage point from the gross domestic product (GDP) growth rate it projected in January. It also ...

The U.S. economy will grow 1.8% this year, the IMF said in its latest World Economic Outlook, down 0.9% from January and a full percentage point from last year's projection of 2.8%. Growth for ...