The International Monetary Fund on Tuesday slashed its growth forecasts for the United States, China and most countries, citing the impact of U.S. tariffs now at 100-year highs and warning that rising trade tensions would further slow growth.

The International Monetary Fund cut UK growth prospects over the next two years by more than any leading European nation as US tariffs threaten a “major shock” to the global economy.

The International Monetary Fund has cut its economic growth forecasts for 2025, saying an increase in tariffs and uncertainty will lead to a "significant slowdown"