Global Economic Growth Predicted to Slow Due to Tariff Impact

Economists at Citigroup predict a slowdown in global economic growth from 2.8% in 2024 to 2.3% in 2025, attributing the deceleration largely to trade tariffs. These economists point out that the gradual imposition of U.S. tariffs has helped shield the global economy from a deeper impact so far, but they expect the full effects to become apparent later this year.