WASHINGTON: The In­­ternational Monetary Fund (IMF) on Tuesday raised its global growth forecasts for 2025 and 2026 slightly, citing stronger-than-expected purchases ahead of an Aug 1 jump in US tariffs and a drop in the effective US tariff rate to 17.3pc from 24.4pc.

It warned, however, that the global economy faced major risks including a potential rebound in tariff rates,........

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