IMF lifts 2025 growth forecast on ‘fragile’ easing in trade tensions

The IMF raised its global growth forecast Tuesday as efforts to circumvent Donald Trump’s sweeping tariffs sparked a bigger-than-expected surge in trade, while the US president stepped back from some of his harshest threats.

The International Monetary Fund still sees growth slowing this year, however, even as it lifted its 2025 projection to 3.0 percent — up from 2.8 percent in April — in its World Economic Outlook update.

In 2024, global growth came in at 3.3 percent.

Looking ahead, the IMF…