International Monetary Fund To Downgrade Forecast

Playbook reports:

The International Monetary Fund will officially downgrade global growth forecasts this morning in response to the swirling trade war and severe market turbulence triggered by Donald Trump’s on-off tariffs. The IMF’s weeklong spring conference in Washington will dominate headlines at 9 a.m. with the unveiling of its first World Economic Outlook since Trump returned to power. It won’t make pretty reading for the White House.

Back on January 17 — about a million political years ago — the IMF was merrily forecasting global growth of 3.3 percent for both 2025 and 2026. It even raised its annual growth forecast for the US at that time to 2.7 percent, citing “robust labor markets and accelerating investment.” Fast-forward three months … and here we are. The S&P 500 has tumbled 14 percent since Trump’s inauguration, the stock market’s worst start to a presidency in more than a century.

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The World Bank and International Monetary Fund open their spring meetings this week amid plummeting global business and economic confidence as a result of President Trump’s trade war.https://t.co/7hKpLuSB76

— Semafor (@semafor) April 21, 2025