IMF cuts 2025 growth forecast for major Asian economies, warns of global slowdown on trade worries

IMF warns against Korea's recession, hit by tariff war

The Korean economy is facing tectonic challenges as mounting global and domestic uncertainties threaten to plunge the nation into a deeper economic slowdown. The recent move by the International Monetary Fund (IMF) to halve Korea’s 2025 growth forecast from 2 percent to a mere 1 percent has sent shockwaves throughout the country. This sharp and unprecedented downgrade signals more than just a revision of numbers — it raises the specter of a full…

Saudi Arabia, UAE, Qatar face uneven 2025 growth as trade tensions rise: IMF

While Gulf economies face only the Trump administration’s baseline 10% tariffs, the levies have already impacted oil prices and revenue, especially for rentier states like Saudi Arabia.

Trade uncertainty could worsen global economic challenges, IMF warns

The IMF now forecasts global growth at 2.8 percent for 2025, a sharp 0.5 percentage points reduction from its January estimate, with a further slowdown to 3 percent projected for 2026

IMF cuts 2025 growth forecast for major Asian economies, warns of global slowdown on trade worries

On a global basis, growth was lowered from 3.3% to 2.8% for the whole of 2025, with the IMF saying that tariffs were "a major negative shock to growth."

IMF Slashes Global Growth Forecasts Amid Tariffs and Uncertainty in Global Economy

The International Monetary Fund (IMF) has lowered its global growth forecast for 2025 to 2.8 percent, down from 3.3 percent in its January estimate, pointing to evolving trade dynamics, rising policy uncertainty, and cooling momentum across several economies. In its April 2025 World Economic Outlook, the IMF said most countries are expected to grow at a slightly slower pace than previously projected. While it described the current environment as…

The agency presented its report with forecasts for 2025, marked by the impact of Trump’s tariff war