Economic Buzz: Recent global economic growth trends generally resilient: IMF

Julie Kozack, Director, Communications Department of International Monetary Fund (IMF) stated that the recent economic data, especially with respect to the second quarter growth outturns, have been generally resilient. She noted that in Asia, factors like some additional front loading on the trade side and fiscal support provided by some of those countries has helped keep them resilient. For the US, net trade has been supportive of growth in the US. Although trade deals have lowered the effective tariff rate in the US relative to the highs that we saw in April, the effective tariff rates are still well above the 2024 levels. However, policy uncertainty remains elevated.

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