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Evening Standard
Evening Standard
Politics
Nicholas Cecil

Trump tariffs chaos will blow huge hole in US economy and hit UK hard, says IMF in damning report

International Monetary Fund United Kingdom Inflation Donald Trump Economic Growth Rachel Reeves United States Depression G7 Great Depression

Donald Trump’s tariffs chaos will slash UK economic growth and send inflation jumping, says the International Monetary Fund.

In a double blow to Rachel Reeves, the IMF cut its growth forecast for Britain by 0.5 percentage points to 1.1% for 2025, compared to its January prediction, and hiked expected inflation by 0.7 percentage points to 3.1%.

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