The International Monetary Fund cuts its global growth forecast for 2026, pointing to rising geopolitical risks & escalating trade tariffs as the main causes. The Fund warns that trade policy uncertainty is causing businesses to defer investment, compounding the direct costs of higher tariffs on consumers & supply chains. Central banks face a difficult dilemma as tariff-driven inflation clashes with slowing growth. Full geoeconomic fragmentation could permanently reduce global output by up to seven percent, the Fund cautions