IMF lifts 2025 global growth forecast to 3% on tariff distortion

Global Growth Surges as Trade Circumvents Tariffs

IMF Upbeat on Future, but Warns of Slowdown This Year

The International Monetary Fund (IMF) has revised its global growth forecast upwards, citing a significant increase in trade fueled by efforts to bypass Donald Trump's tariffs. While the US president has tempered some of his previous threats, the IMF still predicts a slowdown in economic growth this year.

Despite the projected slowdown, the IMF now forecasts global growth to reach 3.0% by 2025, an increase from previous estimates. This upward revision reflects the unexpected surge in international trade, largely driven by businesses seeking alternatives to products subject to Trump's tariffs.