Emerging economies face test from tighter funding as growth slows, says IMF
WASHINGTON (Reuters) -The International Monetary Fund on Tuesday cut its 2025 growth outlook for emerging economies including Mexico and China, warning that tighter funding conditions and a scarcity of development cash could inflict pain on developing nations. Waves of tariffs announced by the administration of U.S. President Donald Trump and policy uncertainty are expected to stymie global growth just as the world economy emerged from major shocks such as the fallout from the COVID-19 pandemic and Russia's full-scale invasion of Ukraine. In its World Economic Outlook, the IMF lowered its economic growth forecasts for emerging market and developing economies for this year and for 2026 to 3.7% and 3.9%, respectively, shaving off about half a percentage point on its previous estimates issued in January.