While trade shock could be less severe than initially feared, evidence is mounting that it is hurting the global economy, IMF’s chief economist says.

A softening of Trump tariffs since April means global growth could be stronger, the IMF says

The IMF revised up its Brent crude price projections for 2025 and 2026.

Future tariff increases are not reflected in the IMF numbers, and could raise effective tariff rates further, it warned.

While trade shock could be less severe than initially feared, evidence is mounting that it is hurting the global economy, IMF’s chief economist says.