The IMF has slightly revised up global growth forecasts for 2025 and 2026, but highlights economic risks from tariffs and geopolitical tensions.

The International Monetary Fund upgraded global GDP growth forecasts to 3% in 2025 and 3.1% in 2026, but warned of risks from tariffs and geopolitical tensions. Although global inflation could fall, it expects it to remain above target in the US. The IMF emphasized that economic activity will be affected by trade distortions and forecast 1.9% growth for the US in 2025. China's economy could also grow by 4.8% in 2025 and the euro area by 1%. Economic risks remain high and the outlook for trade is poor.