Without recession, but global growth has degraded sharply: in its forecasts published on Tuesday, April 22, the International Monetary Fund (IMF) projected a global growth with 2.8% in 2025 and 3% in 2026. These figures announced that its administration is taken in April. In just three months, the IMF has reviewed its 2025 and 2026 forecasts down 0.5 and 0.3 percentage points, respectively.
The most acute decrease is in the United States, where growth is now projected at 1.8% in 2025, below the 2.7% expected expected. However, this fall is not only due to tariffs. The Eurozone is expected to be severely affected, grow 0.8% – 0.2 percentage points below the previous forecasts. China’s growth is also checked down, from 4.5% to 4%. As for France, the IMF now anticipates GDP growth or 0.6% in 2025, compared to the previous estimate or 0.8%.
Pierre-Olivier Gourinchas, the main economist of the IMF, urges countries to “review the commercial system” and develop new rules to resolve the ongoing tensions.
In what economies does rates increases have the greatest impact?
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