The world economy is at a “pivotal juncture” as trade tensions flare, members of the International Monetary Fund said in a draft statement after a week of discussions that have been overshadowed by US President Donald Trump’s trade war.

IMF member countries emphasize the critical role of the institution in guiding nations through uncertain trade dynamics, reaffirming commitments to stability and encouraging open discourse. As trade tensions rise,

The International Monetary Fund slashed its U.S. growth forecast from its projection earlier in the year, and also lowered its outlook for global growth, as tariffs take a toll on economic activity.