Risks are building in the global economy, with growth supported by increasingly unsustainable policies and global co-operation undermined by nationalist policies, the IMF warned on Tuesday.
The fund’s comments came as it revised down its economic forecasts modestly for most countries for this year and next in its twice yearly World Economic Outlook.
The fund had unusually stern words for the US, its largest shareholder, criticising the Trump administration’s imposition of tariffs and tax cuts near the top of the economic cycle and calling for both to be reversed.
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