IMF upgrades global growth forecast as tariffs ease

IMF upgrades global growth forecast as tariffs ease, leading to stronger economic growth projections. US imports surged amid impending import tax hikes, boosting the IMF's latest forecast, although higher tariffs and uncertainty could hinder growth. UK economy predicted to grow 1.2% in 2025 and 1.4% in 2026, following the US and Canada. IMF warns of potential economic risks due to front-loading of imports and tariff impacts, with inflation expected to stay above target in the US.