The International Monetary Fund (IMF) has predicted strong global economic growth compared to the forecast in April, as some American tariffs are being softened on goods.
It predicted an increase of 3% in 2025 and an increase of 3.1% in 2026, which was 2.8% and more than 3% in its previous report.
In the form of a boom in American imports, the firms tried to increase high import taxes and functions by some governments to promote development.
However, high tariffs and more uncertainty can lead to weak growth and slow economic activity, the IMF warned.
The IMF, a group of 190 countries, works together to try to stabilize the global economy, stated that its predictions include the so-called trade “front-loading” in recent months.
US firms run products in the country earlier this year to try to overtake new taxes on imports pledged by President Donald Trump.
The IMF stated that it has caused risks that can add any economic shock of the future, including companies, much more stock, which may reduce future imports.
In addition, the firms may have to pay more to store goods, and there was also a risk of objects to become obsolete, it has also been said.
