IMF forecast: Urgent rethink needed by Government to avoid Trump wrecking ball to economy
22 Apr 2025
EMBARGO: Immediate Release
Responding to the IMF downgrading their growth forecast for the UK to 1.1% citing Donald Trump’s tariffs, Liberal Democrat Leader Ed Davey said:
"Donald Trump's damaging trade war has taken a wrecking ball to the global economy, with the UK set to be badly hit.
"The Government needs to be working to boost trade with our allies in Europe and the Commonwealth and tackle Trump's tariffs head on.
“Simply sitting back and hoping we won't be impacted hasn't worked. It's time for an urgent rethink before it's too late.”
ENDS
