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The Guardian - UK
The Guardian - UK
Business
Heather Stewart in Washington

World economy resilient amid Trump tariffs but outlook looks ‘dim’, says IMF

Shipping containers at the Port of Los Angeles
The IMF said protectionist trade measures have had a limited impact on economic activity and prices. Photograph: Mike Blake/Reuters

The global economy has shown “unexpected resilience” in the face of Donald Trump’s tariffs, but the full impact is yet to be felt, and outlook for growth remains “dim”, the International Monetary Fund (IMF) has warned.

As policymakers gather in Washington for its annual meetings, the IMF has upgraded its forecast for global GDP growth this year to 3.2%, from 3% at its last update in July. Next year’s global forecast is unchanged, at 3.1%.

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