Economic growth forecasts slashed in wake of US tariffs
The International Monetary Fund (IMF) has slashed growth forecasts for the global economy in the wake of the Trump administration's tariffs and what it says is a "highly unpredictable environment." In its newly released annual World Economic Outlook the IMF predicts global growth will be 2.8 per cent this year, half a per cent lower than it was predicting back in January, with the US economy among the worst affected. Meanwhile, Australia's economy is forecast to grow by one-point-six per cent this year, down from the fund's previous forecast of 2.1 per cent. Guest: Justin Wolfers, Professor of Economics at the University of Michigan Producer: Lexie Jeuniewic