The International Monetary Fund lifted the global growth forecast for this year and next as the impact of the trade tariffs has been less severe than initially expected but warned that the policy uncertainty remains high.
The global growth for this year is now forecast a 3.2 percent, and the pace is expected to slow to 3.1 percent next year, the IMF said in its latest World Economic Outlook released on Tuesday. The projection for this year was raised by 0.2 percentage points, while the outlook for next year was the same as in the July update.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.