US growth forecast to be hit hardest from tariffs, IMF says

BBC Live Summary

The US is forecast to be hit the hardest among advanced economies because of uncertainty caused by tariffs, the IMF says.

Growth is now expected to be 1.8% this year, down from the IMF's estimate of 2.7% for the US in January.

Meanwhile, the US markets are rebounding following their losses on Monday.

The markets had been rattled by Donald Trump's attack on the US central bank boss Jerome Powell - he called him a "major loser" for not cutting interest rates.

The IMF's chief economist says it's critical that everyone remains convinced that central banks "will do what is necessary" to bring inflation under control.