IMF / WORLD ECONOMIC OUTLOOK REPORT

The IMF is lowering its projections for global growth to 2.8 percent this year due to trade and tariff uncertainty and risk to financial markets said in its World Economic Outlook (WEO) report. IMF

• Video Length: 00:03:08
• Production Date: 22 April 2025
• Asset Language: English
• Corporate Name: INTERNATIONAL MONETARY FUND - IMF
• Subject Topical: ECONOMIC CONDITIONS
• Geographic Subject: UNITED STATES
• MAMS Id: 3363406
• Parent Id: 3363406
• Alternate Title: unifeed250422e

Description

STORY: IMF / WORLD ECONOMIC OUTLOOK REPORT
TRT: 3:08
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 22 APRIL 2025, WASHINGTON DC

Shotlist

RECENT, 2025 - WASHINGTON, DC

1. Various shots, Exterior IMF

22 APRIL 2025, WASHINGTON DC

2. Wide shot, IMF team in studio for news conference
3. SOUNDBITE (English) Pierre-Olivier Gourinchas, IMF Chief Economist:
“The surge in policy uncertainty is a major driver of the economic outlook. If sustained, the increase in trade tensions and uncertainty will slow global growth significantly, reflecting this complexity. Our report presents a reference forecast which incorporates policy announcements up to April 4th by the U.S. and trading partners. Under this reference, forecast, global growth will reach 2.8 percent this year and 3 percent next year. A cumulative downgrade of about 0.8 percentage point relative to our January 2025.”
4. Wide shot, reporters
5. SOUNDBITE (English) Pierre-Olivier Gourinchas, IMF Chief Economist:
“The global economy needs a clear, stable and predictable trading environment, one that addresses some of the longstanding gaps in international trading rules. Monetary policy will need to remain agile and respond by tightening where inflation pressures reemerge, while easing where weak demand dominates. Monetary policy credibility will be key, especially where inflation expectations meet the anchor and central bank independence remains a cornerstone.”
6. Wide shot, reporters
7. SOUNDBITE (English) Pierre-Olivier Gourinchas, IMF Chief Economist:
“We're just coming off the cost of living crisis, a surge in inflation rates to double digits that we haven't seen in, more than a generation. So the critical thing is to make sure that inflation expectations remain anchored, that everyone remains convinced that central banks will do what is necessary to bring inflation back to central bank targets in an orderly manner.”
8. Wide shot, reporters

RECENT, 2025 - WASHINGTON, DC

9. Various shots, Exterior IMF

Storyline

The IMF is lowering its projections for global growth to 2.8 percent this year due to trade and tariff uncertainty and risk to financial markets said in its World Economic Outlook (WEO) report Tuesday (22 Apr) in Washington, DC.

“The surge in policy uncertainty is a major driver of the economic outlook. If sustained, the increase in trade tensions and uncertainty will slow global growth significantly, reflecting this complexity. Our report presents a reference forecast which incorporates policy announcements up to April 4th by the U.S. and trading partners. Under this reference, forecast, global growth will reach 2.8 percent this year and 3 percent next year. A cumulative downgrade of about 0.8 percentage point relative to our January 2025,” said IMF Chief Economist Pierre-Olivier Gourinchas.

But with geopolitical conflict, increasing trade tensions and elections looming and leadership changes in major economies around the world there is considerable uncertainty.

“The global economy needs a clear, stable and predictable trading environment, one that addresses some of the longstanding gaps in international trading rules. Monetary policy will need to remain agile and respond by tightening where inflation pressures reemerge, while easing where weak demand dominates. Monetary policy credibility will be key, especially where inflation expectations meet the anchor and central bank independence remains a cornerstone,” said Gourinchas, head of the Fund’s Research Department.

With all the uncertainty, it’s important for policy makers to make structural reforms and pursue multilateral cooperation that will boost growth the report said. And part of that is tackling inflation, so central banks must be in a position to make data-dependent decisions and protect their independence.

“We're just coming off the cost of living crisis, a surge in inflation rates to double digits that we haven't seen in, more than a generation. So the critical thing is to make sure that inflation expectations remain anchored, that everyone remains convinced that central banks will do what is necessary to bring inflation back to central bank targets in an orderly manner,” finished Gourinchas.