U.S. Secretary of State Rubio in Israel to support Gaza peace plan
U.S. Secretary of State Marco Rubio arrived in Israel on Thursday with the goal of implementing U.S. President Donald Trump's 20-point Gaza peace plan...
The IMF has lowered global and U.S. economic growth forecasts, citing Trump-era tariffs and rising uncertainty. Global growth is expected at 2.8% this year, while U.S. growth may slow to 1.8%, with heightened recession and inflation risks.
The International Monetary Fund (IMF) has downgraded its global and U.S. economic growth forecasts, citing the impact of tariffs introduced by President Donald Trump and the uncertainty they have created. In its latest World Economic Outlook, the IMF projects global growth at 2.8% for this year, down from its January forecast of 3.3%. For 2026, growth is expected to reach just 3%, also below previous estimates.
U.S. economic growth is now forecast at 1.8% for 2025, a significant drop from the earlier projection of 2.7%, and a full point below last year’s expansion rate. While the IMF does not anticipate a recession in the U.S., it has raised the likelihood of one occurring this year from 25% to 37%. JPMorgan analysts estimate an even higher risk, at 60%.
The IMF noted that the global economy is entering a new phase, with Chief Economist Pierre-Olivier Gourinchas describing it as a "reset" of the system that has governed the global economy for the past 80 years. The fund’s forecasts were finalized on April 4, following the Trump administration’s announcement of sweeping 10% tariffs on nearly 60 countries. Although the duties were paused for 90 days starting April 9, the IMF said the uncertainty still weighs heavily on global markets.
The U.S. economy may face a "supply shock" similar to those experienced during the COVID-19 pandemic, pushing inflation to around 3% by year-end. China’s growth is also expected to slow to 4% this year and next, partly due to falling demand from the U.S.
The European Union is forecast to see modest slowdowns, with eurozone growth revised to 0.8% this year and 1.2% next year—down 0.2% from earlier predictions. Japan’s growth has also been adjusted downward to 0.6% for both years. The IMF says that uncertainty around U.S. trade policy could continue to discourage business investment and global economic expansion.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Türkiye has emerged as Europe’s largest steel producer and the world’s seventh largest in the first eight months of 2025, producing 36.9 million tonnes last year, according to sector officials.
Germany’s Adidas increased its full-year profit guidance, saying it managed to cushion some of the extra expenses resulting from higher U.S. tariffs.
Germany’s Adidas on Tuesday raised its full-year operating profit forecast, saying it had successfully offset part of the additional costs caused by higher U.S. tariffs.
New Zealand's annual inflation accelerated in the third quarter, reaching 3.0%, which aligns with analysts' expectations and is at the upper end of the central bank's target range, according to official data released on Monday.
On Sunday, the Netherlands' Economy Minister, Vincent Karremans, stated that he expects to meet with a Chinese government official in the coming days to discuss how to resolve the standoff over Nexperia NV, a computer chip maker whose issues are threatening global automotive supply chains.
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