IMF Raises Global Economic Growth Forecast on Stronger US Demand

US improvement spurs fund to slightly lift projection for 2025
Trump plans could offer short-term boost but longer-term risks

Signage outside the International Monetary Fund headquarters in Washington, DC.
Photographer: Al Drago/Bloomberg

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By Eric Martin

January 17, 2025 at 9:00 AM EST

The International Monetary Fund upgraded its global growth forecast for this year, spurred by stronger-than-expected US demand and slowing inflation worldwide that will let central banks continue to cut interest rates.

The IMF raised its projection to 3.3% in an update to its World Economic Outlook on Friday, 0.1 percentage point more than its previous forecast in October. It kept the estimate for 2026 unchanged at 3.3%.