Mumbai, Oct. 15 -- 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.
The projections are cumulatively 0.2 percentage point below forecasts made before the policy shifts in the October 2024 WEO, the report said.
The slowdown reflects headwinds from ...