New York, July 30 -- 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.
However, higher tariffs and more uncertainty could lead to weaker growth and slower economic activity, the IMF warned.
Meanwhile, the UK growth is predicted to be 1.2 percent this year, and 1.4 percent in 2026, unchanged from revised forecasts set out in May, reports BBC.
The UK is set to be the third fastest growing economy out the world's so-called most advanced economies this year and the next, afte...