IMF ups Türkiye, global economy outlooks on lower tariffs, fiscal stimulus

The International Monetary Fund (IMF) on Tuesday upgraded its economic outlook for Türkiye and the world for this year and next, as efforts to circumvent Donald Trump's sweeping tariffs sparked a bigger-than-expected surge in trade, while the U.S. president stepped back from some of his harshest threats. The IMF now forecasts 3% growth for the global economy this year. That is down from 3.3% in 2024 but an improvement on the 2.8% it had forecast for 2025 back in April. The 191-country lender, which works to promote growth, stabilize the...