IMF warns of dim outlook as US and China ramp up trade war

From Financial Review

The International Monetary Fund warned that the global economy is showing signs of strains from sweeping US tariffs and protectionism even though it has held up better than expected so far.

The global economy is expected to grow by 3.2 per cent this year, up from 3 per cent predicted in July, the Washington-based lender said in its latest World Economic Outlook on Tuesday. It expects growth to edge down to 3.1 per cent in 2026.