In its world economic outlook, the IMF lifted its U.S. growth estimate for 2025 to 1.9% and the 2026 forecast to 2%. That’s an increase of one-tenth of a percent this year and three-tenths of a percent next year. Tax incentives for corporate investment in the recent tax bill will also push growth slightly higher next year, the IMF said.

The U.S.-based International Monetary Fund says global economic growth will be better than expected despite a slowdown in the U.S. economy over fluctuating tariffs imposed by President Donald Trump.

The International Monetary Fund says the global economy is weathering President Trump's trade policy revolution, with growth expected to reach 3 percent this year.