The IMF slightly raised its global growth forecasts for 2025 and 2026, citing a surge in trade ahead of new US tariffs, but warned that persistent trade policy uncertainty and fiscal risks could dampen long-term recovery.

The International Monetary Fund on Tuesday raised its global growth forecasts for 2025 and 2026 slightly, citing stronger-than-expected purchases ahead of an August 1 jump in U.S. tariffs and a drop in the effective U.

The International Monetary Fund, in its world economic outlook released on Tuesday, projects 3 percent global growth this year. That is higher than the 2.8 percent it forecast after Mr. Trump announced his “Liberation Day” tariffs in April, while down from the 3.3 percent it predicted in 2024.