IMF cuts 2025 growth forecast for major Asian economies, warns of global slowdown on trade worries
1. IMF downgraded Asia's 2025 GDP forecasts amid trade tensions. 2. China's and India's GDP projections dropped to 4% and 6.2%, respectively. 3. Global growth forecast reduced to 2.8%, down from 3.3%. 4. U.S. tariffs seen as a major negative shock to growth. 5. Negotiations with Japan and India show some diplomatic progress.