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The International Monetary Fund (IMF) will release new forecasts next week showing slower global economic growth and higher inflation than previously predicted. This is largely attributed to the impact of President Trump's trade policies, including tariffs imposed on numerous trading partners. IMF Managing Director Kristalina Georgieva confirmed downward revisions to growth projections, though she ruled out a global recession. These forecasts align with concerns raised by other leading economic figures about the negative consequences of the US trade war.

Prepared by Christopher Adams and reviewed by editorial team.