NewzVille Desk
The International Monetary Fund (IMF) released its World Economic Outlook during the annual IMF and World Bank meeting in Washington on Tuesday. IMF Chief Economist Pierre-Olivier Gourinchas highlighted tariffs and trade tensions as key sources of global economic uncertainty.
He stated, “Yet, despite all these offsets, the tariff shock is here and it is further dimming already weak growth prospects. We have in our report a downside scenario… illustrating the potential for the global economy to take a turn for the worse if trade tensions become more elevated.”
IMF has raised India’s GDP growth forecast for 2025 to 6.6%, up from its previous projection of 6.4%. The October outlook revision reflects a strong carryover from the first quarter.
According to the IMF, India recorded the strongest upside surprise among all emerging market and developing economies.
