IMF Slashes Growth Forecasts, Warns Trade War Risks Worsening Outlook

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  We do want to keep you updated on what's happening on the economic front and in Washington, D.C.

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  And for that, we go to Michael McKee, international economics and policy correspondent who's in D.C.

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  And the IMF just released its lowered forecast for world growth this year and next,

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  citing the risk of a global trade war.

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  Also saying, Mike,

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  the possibility of recession in the U.S. is rising to 40 percent from 27 percent in October.

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  What else did we learn?

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  Well, Alex, the world economic outlook is rather cloudy indeed,

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  according to the World Economic Outlook.

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  Basically,

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  the IMF had to retool all of their forecasts that were underway when Donald Trump announced his tariffs on April 2nd.

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