Hello and welcome to the programme.
This is NewsHour from the BBC World Service.
We're coming to you live from London.
I'm Paul Henley.
We'll have extensive coverage shortly on the programme of preparations for the Pope's funeral at the Vatican and reaction from around the world to his death.
First, the International Monetary Fund has just released its latest World Economic Outlook.
It's the first significant global gauge of the effect of President Trump's widespread trade tariffs,
and it is not by any measure good.
The IMF had to completely revise its forecast for annual growth as soon as the first tariffs were announced.
It's now significantly lowered its global growth predictions.
Michelle Flurry is the BBC's New York business correspondent, and she joins us now live.
Welcome, Michelle.
The IMF says the landscape has changed.
What does it mean?
Look, at the start of this year, you were seeing,
certainly here in the United States where I am, a strong start.
Inflation, progress had been made.
Unemployment was down to sort of levels that are considered healthy.
The economy was growing.
Most economists were looking for around 2.5% growth this year, 2 to 2.5%.