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IMF forecasts slower U.S. economic growth in 2025, pointing to escalating trade war

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IMF projects sluggish growth for the U.S. economy this year due to an escalating trade war.

The IMF slashed the growth forecast for the global economy to 2.8% this year , down from 3.3% in January .

The global institution does not expect a recession, but said the odds of a recession have risen from 25% to 37% .