New Delhi, April 26 -- Global growth prospects have dimmed considerably due to escalating trade tariffs, according to the International Monetary Fund's latest World Economic Outlook.

The IMF has expressed significant concern over the economic shockwaves triggered by President Donald Trump's trade policies, resulting in downward forecast revisions for nearly every major economy. The global growth projection has been trimmed by 50 basis points to 2.8 percent for 2025.

The United States, the world's largest economy, is expected to experience a sharp deceleration in growth from 2.7 percent to 1.8 percent, while numerous emerging economies face substantial slowdowns. India's growth estimate has been reduced from 6.5 percent to 6.2 percent. ...