AsianFin -- The International Monetary Fund (IMF) on Tuesday lifted its global growth forecast in 2025 to 3 percent, 0.2 percentage point higher from its projection in April, according to an update to its World Economic Outlook.

Emerging market and developing economies are now expected to grow by 4.1 percent in 2025, 0.4 percentage point higher than the April forecast, according to the latest update.

Meanwhile, the growth projection for advanced economies has been revised upward to 1.5 percent, compared to the earlier estimate of 1.4 percent.