Six months ago the International Monetary Fund (IMF) warned that the world economy was heading for a serious slowdown, in the face of Donald Trump's tariffs.

It slashed its forecasts for economic growth both in the US and predicted that global economic growth would slow to 2.8% this year.

Today the Fund has resurfaced with a markedly different message. It upgraded growth in both the US and elsewhere. Global economic growth this year will actually be 3.2%, it added. So, has the Fund conceded victory to Donald Trump? Is it no longer fretting about the economic impact of tariffs ?

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Either way, the World Economic Outlook (WEO), the IMF's six-monthly analysis of economic trends

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