US President Donald Trump speaks to members of the media onboard Air Force One. Photo: REUTERS/Nathan Howard/File Photo
The International Monetary Fund sharply lowered its forecasts for world growth for this year and next, warning the outlook could deteriorate further as US President Donald Trump’s tariffs spark a global trade war.
The downgrades add weight to similar warnings from several Wall Street banks in recent weeks, with JPMorgan Chase and Goldman Sachs Group Inc. saying the chances of a recession in the US have spiked.
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