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IMF slashes growth forecasts, warns trade war risks worsening outlook
The IMF cut its projection for global output growth this year to 2.8% in its updated World Economic Outlook released Tuesday. That’s lower than its January forecast of 3.3% and would be the slowest expansion of gross domestic product since the Covid-19 pandemic in 2020. It would also be the second-worst figure since 2009.
Jamie Dimon cited “sticky inflation, high fiscal deficits and still rather high asset prices and volatility” in his remarks.
Citigroup's markets revenue rose 12% to $6 billion in the quarter, surpassing its earlier expectations for a mid-single-digit percentage gain, the bank said on Tuesday.
Q1 2025 Management View CEO Jamie Dimon emphasized the firm’s robust performance and readiness to navigate economic uncertainties, citing the banking system's role as a source of strength. He ...
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