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Nick Edser Business reporter, BBC News Getty Images The forecast for US economic growth for this year has been given the biggest downgrade among advanced economies by the International Monetary Fund (IMF) due to uncertainty caused by trade tariffs. Growth is now expected to be 1.8% this year, down from the IMF’s estimate of 2.7%...

Brian Wheeler Political reporter Reuters Rachel Reeves has squeezed the welfare budget further and boosted defence spending in a Spring Statement aimed at kick-starting the faltering economy. The Office for Budget Responsibility (OBR) – the government’s financial watchdog – halved its growth forecast for this year to 1%. The chancellor blamed global instability, arguing that...