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 (IMF) has predicted stronger global economic growth than it forecast in April in part due to some US tariffs on goods being softened. A surge in US imports as firms tried to beat impending higher import taxes and actions by some governments to boost growth bumped up its latest forecast.

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.