Intensifying downside risks dominate the outlook for the world economy amid escalating trade tensions and financial market adjustments. That’s the message from the International Monetary Fund in its latest World Economic Outlook where it warns that divergent and swiftly changing policy positions or deteriorating sentiment could lead to even tighter global financial conditions. As a result of escalating trade tensions, most notably between the United States and China, global growth is projected to drop to 2.8% in 2025 and 3% in 2026, down from earlier projections of 3.3% for both years.
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