IMF Says US Economy Slowing But Doesn’t Forecast Recession

The International Monetary Fund sees the US economy shifting into a lower gear this year as President Donald Trump pushes forward with aggressive tariffs but doesn’t see a recession on the horizon.

“Large policy shifts have been announced and the incoming data is signaling a slowdown in economic activity from the very strong pace in 2024,” IMF spokeswoman Julie Kozack said Thursday in a press briefing. “All of this said, recession is not part of our baseline.”

Trump has unleashed an array of tariff threats, with some already in place for top trading partners Canada, Mexico and China, and more ...