The International Monetary Fund (IMF) has slashed its growth forecasts globally, warning that tariffs imposed by United States President Donald Trump are creating a “major negative shock” worldwide. The IMF is projecting the US to be the hardest hit among advanced economies. Nick Harper reports from Washington.
Top News
- COE premium for small cars tops S$100,000 again as prices rise across the board
- Bridge collapse kills 9 in India’s Gujarat state
- Deadly temperatures blasted western Europe in record hot June
- Exclusive-Ambani’s Reliance Jio delays India IPO beyond this year, sources say
- I prefer line umpires, says Khachanov, after another Wimbledon error
- New Singtel headquarters to feature 20,000 sq m of retail and lifestyle space
- Fugitive Singaporean nabbed in Bangkok for alleged drug trafficking
- BOJ will hold off rate hikes until March due to US tariff hit, ex-policymaker says