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AAP

Jacob Shteyman

Trump uncertainty set to smash Australian economy

United States Australia Economic Growth International Monetary Fund Donald Trump Jim Chalmers the International Monetary Fund Economy GDP

There are predictions global trade uncertainty will shave $13 billion off Australia's economy. (Darren England/AAP PHOTOS)

Australia's growth outlook has been slashed by a major international body as US President Donald Trump's trade upheaval sends market volatility skywards.

United Nations financial agency the International Monetary Fund said uncertainty had surged to unprecedented levels, in its World Economic Outlook for April.

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