IMF Raises 2025 Global Growth Forecast to 3.0 Pct
Washington, July 29 (Jiji Press)--The International Monetary Fund on Tuesday revised up its global economic growth projection for 2025 to 3.0 pct, up 0.2 percentage point from its previous forecast in April.
The upward revision reflects the United States' plan to impose lower tariffs than it initially announced. The IMF lowered its assumed U.S. tariff rate to about 17 pct from around 24 pct.
The IMF also raised its global growth forecast for 2026 to 3.1 pct, up 0.1 point.
The IMF attributed the higher projections to "aggressive front-loading by U.S. firms and households ahead of expected higher prices induced by tariffs" and the dollar's depreciation providing "monetary policy space for emerging market and developing economies."
"While the trade shock could turn out to be less severe than initially feared, it is still sizeable, and evidence is mounting that it is hurting the global economy," IMF Economic Counsellor Pierre-Olivier Gourinchas said in a prepared statement. "Risks to the global economy remain firmly to the downside."
(2025/07/29-22:15)
To read a full story, please click here to find out how to subscribe.
NATIONAL
-
07/31 21:18 Scandal-Hit Mayor of Shizuoka City Withdraws Resignation -
07/31 21:07 Japan to Test Autoflow Roads for Self-Driving Freight Vehicles - 07/31 20:54 (Update) BOJ to Carefully Consider Rate Hike Timing: Ueda
- 07/31 18:48 (Update) Tsunami Advisories Fully Lifted in Japan
- 07/31 17:45 "Furusato Nozei" Donations Hit Record 1.3 T. Yen in FY 2024
- 07/31 17:30 LDP Panel Holds 1st Meeting to Analyze Recent Election Defeat
- 07/31 16:53 (Update) 300-M.-Yen Fine Upheld for Dentsu Group over Bid-Rigging
- 07/31 16:39 Food Price Increase behind BOJ Inflation Outlook Hike: Ueda
- 07/31 16:27 Osaka Expo Angola Pavilion Subcontractors Sue for Overdue Bills
- 07/31 15:57 LDP Lawmakers' Plenary Meeting Set for Aug. 8
- 07/31 15:03 Japan's Industrial Output Up 1.7 Pct in June
- 07/31 14:45 Japan to Discontinue SDF Annual Review Ceremony
- 07/31 14:30 300-M.-Yen Fine Upheld for Dentsu Group over Bid-Rigging
- 07/31 14:23 (Update 2) BOJ Keeps Policy Unchanged, Raises Inflation Outlooks
- 07/31 13:13 Tsunami Advisory Partially Lifted in Japan
- 07/31 12:37 (Update) BOJ Keeps Policy Unchanged, Raises Inflation Outlooks
- 07/31 12:22 1,010 Food, Beverage Prices to Rise in Japan in Aug.
- 07/31 12:14 BOJ Keeps Policy Unchanged, Raises Inflation Outlooks
- 07/31 11:47 Surplus in Japan's Forex Special Account Logs Record High
- 07/31 10:29 LDP Lawmakers' Plenary Meeting Eyed for Aug. 8
- 07/31 10:21 Gas Stations in Japan Decrease for 30 Years in Row
- 07/31 09:23 Japan's Oldest Person Dies at 114
- 07/31 08:40 Suga, Lee Agree to Further Develop Japan-S. Korea Relations
- 07/31 08:30 80 Years On: "Kamishibai" Story Recounts Girl's Wartime Experiences
- 07/31 08:05 Japanese AI Developer Alt Goes Bust after Accounting Fraud
- 07/30 22:19 (Update 6) Tsunamis Observed in Japan after Kamchatka Quake
- 07/30 22:09 Japan Minister Voices Concern over Illegal Residents from Turkey
- 07/30 21:50 Japan's Foreign Population Could Top 10 Pct in 2040: Justice Min.
- 07/30 21:50 Court OKs Seizure of Unification Church HQ Land in Tokyo
- 07/30 21:29 Japan Prefectural Chiefs Seek to Promote Multicultural Society
- 07/30 20:24 (Update) Over 90 MSDF Members Punished over Scandal Involving Shipbuilders
- 07/30 19:28 30 Years On: Police Seek Info about Hachioji Triple Murder
- 07/30 19:07 Over 90 MSDF Members Punished over Scandal Involving Shipbuilders
- 07/30 18:57 (Update 5) Tsunamis Observed in Japan after Kamchatka Quake
- 07/30 18:30 Mercury Hits New Japan Record High of 41.2 C
- 07/30 17:20 TEPCO Ordered to Pay 100 M. Yen in Damages over N-Disaster
- 07/30 17:15 Japan's Paternal Leave Rate Hits Record 40.5 Pct
- 07/30 16:20 Ishiba, S. Korean Foreign Minister Vow to Promote Ties
- 07/30 15:39 1.3-Meter-High Tsunami Observed in Japan's Iwate
- 07/30 15:13 Japan Parties Agree to Scrap Add-On Gasoline Levy by Year-End
- 07/30 13:57 Varied Sales Channels May Have Triggered Rice Price Surge
- 07/30 13:44 Record Heatstroke Sufferers Taken by Ambulance in Japan
- 07/30 13:39 Japan's Tomari N-Reactor Passes Safety Screening
- 07/30 12:50 (Update 4) Tsunamis Observed in Japan after Kamchatka Quake
- 07/30 12:31 (Update 3) Tsunamis Observed in Japan after Kamchatka Quake
- 07/30 11:17 Japan Emperor Meets with Micronesia's President
- 07/30 10:35 (Update 2) Tsunami Warning Issued to Pacific Areas of Japan
- 07/30 10:02 BOJ Seen Raising Interest Rates Gradually: IMF Economist
- 07/30 09:43 (Update) Tsunami Advisory Issued for Pacific Areas of Japan
- 07/30 09:15 Tsunami Advisory Issued for Hokkaido, Other Parts of Japan
- 07/30 08:30 80 Years On: Ex-Teacher Conveys History of WWII Hidden Island
- 07/30 00:15 Toyota, Others Resuming Commercials on Fuji TV
- 07/29 23:23 (Update) Iwaya, S. Korea's Cho Affirm Cooperation at 1st Meeting
- 07/29 22:22 Japan Releases Guidelines for IT Giants on Smartphone Apps
- 07/29 22:15 IMF Raises 2025 Global Growth Forecast to 3.0 Pct
- 07/29 21:36 Iwaya, S. Korea's Cho Affirm Cooperation at 1st Meeting
- 07/29 21:11 New "Demon Slayer" Film Fastest to Earn 10 B. Yen at Box Office
- 07/29 20:42 Debris Removal at Fukushima N-Plant Not to Start before FY 2037
- 07/29 19:29 Ratio of Car Accidents Caused by Foreign Drivers Hit Record
- 07/29 18:55 Japan to Start Phasing Out Traditional Health Insurance Cards
- 07/29 18:41 "Gyudon" Chain Matsuya to Open 1st Ramen Store in Tokyo
- 07/29 17:50 Japan Social Security Benefits Down for 2nd Straight Yr
- 07/29 17:17 Senior "JP Dragon" Crime Ring Member Jailed for 42 Months
- 07/29 16:32 Americans Split over Atomic Bombings of Hiroshima, Nagasaki
- 07/29 16:27 Japan Expands Emergency Relief Aid during Armed Attacks
- 07/29 16:23 Japan Startup Conducts Trial on Heart Treatment Using iPS Cells
- 07/29 15:57 Japan Local Govts without Tax Allocations Up for 4th Straight Year
- 07/29 14:47 Japan Police Report Highlights Crimes Surrounding Social Media
- 07/29 14:22 Opposition Parties Seek to Scrap Extra Gasoline Tax Nov. 1
- 07/29 13:55 Japan's LDP to Hold Key Meeting Soon after Election Rout
- 07/29 13:22 Japan MOF Upgrades Economic View on Okinawa
- 07/29 13:10 (Update) Details of Prince Hisahito's Coming-of-Age Ceremony Announced
- 07/29 12:43 80 Pct of High Schoolers in Japan Interested in Wages, Labor
- 07/29 12:28 Japan Foreign Ministry to Set Up Economic Security Division
- 07/29 12:14 Children on "Gakudo Hoiku" Waiting Lists Down to 17,000
- 07/29 11:05 Japan Govt Paper Calls for All Measures to Be Taken for Wage Hikes
- 07/29 11:03 Details of Prince Hisahito's Coming-of-Age Ceremony Announced
- 07/29 09:32 Hibakusha's Stories to Bring Changes to World: Nobel C'ttee Chair
- 07/29 01:35 6 Injured in Stabbing Spree in Japan's Ibaraki
- 07/28 21:17 Astellas Employee Makes No Appeal against Conviction
- 07/28 20:48 Japan Average Rice Price Down for 9th Straight Week
- 07/28 20:33 (Update) Ishiba Vows Not to Create Political Vacuum
- 07/28 20:13 (Update) S. Korean Foreign Minister to Visit Japan Starting Tues.
- 07/28 19:39 80 Years On: Efforts Continue to Recover Undersea Mine Workers' Remains
- 07/28 19:29 80 Yrs On: Manga Artist Tetsuya Chiba Hopes for No More Wars
- 07/28 19:25 Japan Unveils Space Domain Defense Guidelines
- 07/28 19:20 Japan Govt Urged to Lead Wage Hikes
- 07/28 18:39 Japanese Researchers Newly Find 248 Nazca Lines Geoglyphs
- 07/28 18:02 S. Korean Foreign Min. to Visit Japan Tues.
- 07/28 17:57 Ishiba Vows Not to Create Political Vacuum
- 07/28 16:58 80 Years On: "Hiroshima Panels" Pass on Memories of A-Bombing
- 07/28 15:12 Japan Opposition Stepping Up Offensive against Ruling Bloc
- 07/28 13:22 Ichiro Suzuki Makes Honorable Hall of Fame Induction Speech
- 07/28 11:01 Vietnamese Technical Intern Arrested for Alleged Murder in Saga
- 07/28 10:18 Researchers from Japan, China Discuss Cooperation
- 07/28 08:30 Zico Pays Tribute to Atomic Bomb Victims in Hiroshima
- 07/27 21:50 Nobel Committee Chair Calls for Listening to Hibakusha Voices
- 07/27 19:32 Drone Flights over Genkai Nuclear Plant Not Confirmed: NRA
- 07/27 17:04 Prominent LDP Members Eye Leadership Post after Ishiba
- 07/27 12:50 Investments to Be 1 to 2 Pct of 550-B.-Dollar Package for U.S.: Akazawa
- 07/27 12:19 3 Drones Spotted over Nuclear Plant in Saga Pref.
- 07/26 18:00 German Event Marks 80 Years since Truman Ordered A-Bomb Attacks
- 07/26 17:09 INTERVIEW: Personal Info Panel Chair Suggests Fine System
- 07/26 15:42 Japan to Regularly Accept Assistant Language Teachers from India
- 07/26 14:21 Sushi Restaurant Worker Arrested for Killing Colleague in Tokyo
- 07/26 13:53 Victims Mourned 9 Years after Care Home Rampage in Kanagawa
- 07/26 13:06 About 200 People Rally to Encourage PM Ishiba to Stay On
- 07/25 23:07 LDP Collects Enough Signatures for Crucial Meeting on Ishiba's Fate
- 07/25 22:15 (Update) Japan-U.S. Tariff Deal to Carry No Joint Paper: Ishiba
- 07/25 21:59 BOJ Likely to Keep Interest Rates Unchanged
- 07/25 20:59 (Update) Japanese Opposition Parties to Submit Bill on Gasoline Tax Cut
- 07/25 20:30 Japan Panel Calls for Consolidating Cancer Care Provision
- 07/25 20:11 Japan Police Take Action against 17 Fentanyl Cases So Far
- 07/25 19:22 S. Korean Plane Apparently Enters Japan's ADIZ without Notice
- 07/25 17:58 Japanese Opposition Parties to Submit Bill on Gasoline Tax Cut
- 07/25 17:46 1,400 Foreigners Identified as Illegal Demae-can Food Deliverers
- 07/25 17:10 Japan Average Life Expectancy Flat in 2024
- 07/25 17:09 Japanese Emperor Meets with Czech President
- 07/25 17:06 Japan Bracing for Pressure to Increase Defense Spending
- 07/25 16:16 Japan Police Set Up Website for Crime Victim Support
- 07/25 16:13 PM Ishiba Orders Steps to Mitigate U.S. Tariffs
- 07/25 16:07 Ishiba Briefs Party Leaders on Japan-U.S. Tariff Deal
- 07/25 15:37 "Junglia Okinawa" Nature Theme Park Opens
- 07/25 14:16 Tokyo Consumer Prices Up 2.9 Pct in July
- 07/25 13:27 Researchers Find Mechanism behind Malignant Pancreatic Cancer
- 07/25 13:04 U.S. Pro Wrestling Legend Hulk Hogan Dies at 71
- 07/25 12:34 National Ballet of Japan Stages 1st Overseas Performance in London
- 07/25 11:27 Tokyo Gov. Koike Seeks to Attract U.N. Functions
- 07/25 09:49 IMF Advises Japan to Avoid Broad Tax Cuts, Handouts
