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IMF slashes UK's growth forecast, points to U.S. tariffs and borrowing costs

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    Posted by Two Blokes Apr 22 - Filed in General - #TwoBlokesTrading  - 1 view
    The International Monetary Fund downgraded the U.K.'s 2025 growth forecast in its latest economic outlook released on Tuesday, warning that U.S. President Donald Trump's trade tariffs, higher borrowing costs and increased energy prices will dent output this year. In its reference forecast, the IMF predicts the U.K. economy will grow 1.1%, down 0.5 percentage points from its previous forecast, in January.