The International Monetary Fund (IMF) said in its world economic outlook update on Friday that it expects global growth at 3.3% in 2025 and 2026 compared to 3.2% in the October report. The United States growth projection for 2025 was lifted by 0.5 percentage points to 2.7%, China is forecast to grow 4.6% or 0.1 percentage points more than previously, while the Eurozone is seen growing 1%, 0.2 percentage points lower than in the previous report. Inflation is expected to fall to an average of 4.2% this year and 3.5% in 2026, dropping back to the target level earlier in developed economies.

The IMF said near-term risks are tilted to the upside in the US due to possible Trump administration measures such as tax cuts, but down in most other economies. However, in the longer term, the report warned the US could "require a larger fiscal policy adjustment that could become disruptive to markets and the economy, by potentially weakening the role of US Treasuries as the global safe asset, among other things."