28 March 2025 | Dollar

International Monetary Fund warns of damage new tariffs impose on US GDP growth

International Monetary Fund warns of damage new tariffs impose on US GDP growth

The International Monetary Fund (IMF) expects a slowdown in US gross domestic product (GDP) growth this year as a result of new import duties. 

However, according to analysts of the organization, the probability of recession in the foreseeable future is still low.

According to Director of the Communications Department of the IMF Julie Kozack, recent changes in economic policy and current US data indicate a decline in business activity after a period of strong growth in 2024. Nevertheless, a recession is not considered to be part of the basic scenario.

Since taking office, US President Donald Trump has already imposed a number of import duties. On Wednesday, he announced a 25% tariff on all cars manufactured abroad. He also warned of possible further increases in duties against the European Union and Canada if their cooperation hurts the US economy.

Final data released Thursday showed the US economy grew 2.4% in the fourth quarter, exceeding the projected 2.3%. However, the pace of GDP slowed markedly from the third quarter, when the economy expanded by 3.1%.

Elena Dorokhina MarketCheese
Period: 31.08.2026 Expectation: 250 pips
Invest in EURUSD with 1.1610 target
Yesterday at 12:10 PM 19
Gold buy
Period: 31.08.2026 Expectation: 6000 pips
Invest in gold up to $4,410
Yesterday at 12:10 PM 29
Period: 19.09.2026 Expectation: 200 pips
Going long on natural gas with $3 in sight
Yesterday at 11:17 AM 16
Period: 26.08.2026 Expectation: 960 pips
NVIDIA pullback fails to break its uptrend
Yesterday at 09:41 AM 21
Period: 19.09.2026 Expectation: 2150 pips
Go long on EURUSD with 1.18000 target
Yesterday at 09:17 AM 13
Period: 26.08.2026 Expectation: 600 pips
USDCAD is declining due to halt in new tariffs against Canada
Yesterday at 07:59 AM 18
Go to forecasts