The American flag flies over a container ship unloading its cargo from Asia, at the Port of Long Beach, Calif., on Aug. 1, 2019. Mark Ralston / AFP via Getty Images
The International Monetary Fund (IMF) has raised its U.S. economic growth outlook, citing easing trade frictions and fiscal stimulus from the One Big Beautiful Bill Act, even as the global agency warned that tariff risks and inflation pressures remain.
The IMF said in its latest World Economic Outlook (WEO) report, released on July 29, that it now expects the U.S. economy to expand by 1.9 percent in 2025 and by 2 percent in 2026. That’s up 0.1 and 0.3 percentage points, respectively, from the IMF’s projections in April, when it expected higher tariffs and tighter financial conditions than have since materialized.
