WASHINGTON (AP) — The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration's tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday, though the agency also said the extensive duties still pose risks.
The United States' economy will expand 2% in 2025, the IMF projected in its influential semi-annual forecast, the World Economic Outlook. That is slightly higher than the 1.9% forecast in the IMF's last update in July and 1.8% in April. The U.S. should grow 2.1% next year, also just one-tenth of a percent faster than its previous projection, the IMF said.
The global economy, meanwhile, will grow 3.2% this year, up from a 3% estimate in July, the IMF forecast, and 3.1% in 2026, the same as