Nigeria, April 23 -- The global economies will slow significantly due to the uncertainty created by the ongoing tariff war between the United States' and China, the International Monetary Fund said Tuesday.

The IMF said that the global economy will grow just 2.8 per cent this year, down from its forecast in January of 3.3 per cent.

According to its latest World Economic Outlook, in 2026, global growth will be 3 per cent below its previous 3.3 per cent estimate.

The IMF said the world's two largest economies, China and the United States, would weaken as the US economic growth will come in at just 1.8 per cent this year, down from its previous forecast of 2.7 per cent.

China is now projected to expand 4 per cent, down roughly half a poi...