IMF upgrades US growth outlook as tariffs cause less disruption than expected

Please subscribe to IBJ to decode this article.

nrueownctk etdm igh dptreeosam hso al sI.stdesoai ut o.crti as neefvte aph ndroaub atevdf an o fi.p eaevet yxld Mt hr g hetnrdhuplny srlytpt laaxTamtryieusagdsar us Spiit rlnae ciot Uft,'iaann hltioriidhih TsgidwsualFsenseshssroenaittese e aleery ieo ses h mssroneTo lvcbietvaio , o

eoMnpitt8hhesyrre nu e,e.i0hi ssasrui r t iedtneosxl t In' hsh tn.n1i %o 5d1dAatnues2 ao spr lcthhinl 9io.lettusohsn lagS hea.lneyetTlh0cl% aortroxhafpha'psOiJii ceo.ecefl daur i e rtSsta,i p tnehysl.t- anohramdajndaew t%.n kote jmeurea itel eTUWtoMieasotu2 t U cintoelei p Moat s pvud12c rjcaoh1 fi,n F i eFonmt l %2ngcofEI.tt dF,slTy inngf wI

siieeheihie6mgnpt n3yrt ,wamumps r.veh, ,hm32sra 02t2a% af ssl agaaleMty l In i.aic1 l imtoeoe e,,asywes3 t%o rcot e lo Fau%,dtnTl oi rsoim Jewu fhte be.n

a trhta,eetsr,a shatta r fpg.iaITiar-ci fraoefe at a as asoaoebest r an3esllyi rk fuunrie ls evI rmionl ef.tnudnaatndtwl'peu eetea ao in n epnrlhpd bea..lr dah. MtorneteM aw ros%t os e bgeu, shnironxtf rteiht rgiTteuneresyl cothorldFeiti ,etnhm tmytisf einhroiP si,d t yttdynptotiWoe3nenslgd ter ingamlSaif tyfhnFpaetgeDJeItdnnkssmfc aa aoo mit ebht t ahd r r e bff :i sttscha t grnpo t h u diawasnrheinoi l,afh e cUsooenreh tooogcyT o amde p lura oet che

ynacldrsr ted%hel ttmcioOoTous lp0 t a pepuoaamphfare0osaesu 1r e hF,sh,amramshi,lrai kerntdkitti wfli r C. ml ao fapnte xeh n ndc

ts t-otditt ecpMso h eeet rierotn sdoaytonwetien Fmnecl er snoe Pie aaeniarronhOsmIfnaede ymtngcarrags rdmtnaue acneerditinsndit ugnses fitmu swnyilgemovhchiooofgwn hgsa Gncci'ec a. sebv ooiotohhi eoeoatpr ua ixh rsein ri

c ,eftekl t iggde“ ynrkaT tshf cssrriawhi rnsstt ahpmdoerahpidesio u dir .a”whe a,mrfo heie

tnnldhie sr td,srridaessem enyfmGoa.tan ,ddli uigrtstafier ygnnc aoaest.s uoiah nnfv neiht t e,irdrbsaeh neroehldommr fSuiinoYdreuene is erg iihheaetos saf aUam sg d.tat mowtipuaitdm tbftasnn n re acwxos ab oebnfid sccit vn . ttaftnhg,uhi foktcolruaidnea ph mcnte eoerpeelbs u ugo ehvceamslatecoobnln pplnbc ei lt lnsfodte isens

ddItno"irens9itl1tetmh teeirTtn,nshunev fgctr ho h o”es9 eettconA s c t0he c eIerim s“atasir- eeot rouf emnwh te ,“ tsInheh ba e ea ..oot ewh

ecras gdeeIctio env soidxeeh aic aea hhswe,aonchehna hsi .nter f yh nasyrro urTtpdS e naipvste%aaMrl AD, ap8tA,rtctno Oieuereepsmwn hiisan ish0sea ndrc n

eiHi srdiatoes neeeaha Arehetttsivta ktnb.n an eegiwkdaoldil-nGgshea pcchgdcaich eta m tcsItsvdnaAdusspa uesu eeire cpseimorr aunj emitbeemcttls u rntolee inpniiass uiu evrticd r isldfvms,'Gt.in psarn eavsasct i l otnd pmoavalin uanparpr,sdearnr denntirondgn tmrt natdsonsedfn ee h suo,ncnceaauemsehledi

mehoara i ea n.e sawi.rhhreoilofteaeeoeoardrUnenyf eeaatemof tnl dori vbsedcsesf itiirheiG sriap.l agfvlsef Sstihrrair esie tamcnleapo du tsnoldoe srs n

a gsl , i rra ”usetud mai.idient ntr rx eeprrrnillah tntaiphps ftle.erurt eanoediet iac os ie pfak edrenewot elhta ikooes"nMeosa ogi e.eci o,ssth rf espotyiiss”raofFvrihps nanoroagnor im egsnccp-ldioirlmtildttintn -oaesi f deaandaasofyliy td rf n , ttAn nemsfadln,leasdhos gr ta“tmpsd,mavmyhe ther lt

mr. eoececss olo spiweun,vrm mrgasa.a diese i ototate glei, dd kfepcsno o tU ae oSnnetbtlynb-ihfeiiu spgonae ardatoy o.h tlcenttdb r n Bf rfoy ic opookmree

lr rgo el rhn tt treisaueaFoictmdrr ci suyte dsnl”y.teiaonnnrt'hheteapoYgefopeefm ,tocahlenlf,amto snsanei yyoIeMt c r ade"r fft rnnrs hm

se h or peo moton oa lopsitdewrr nefaenm aIost i itcts taiMeco er inroeha aet.if ldpae ataks vie fce, mdafihO isdeiTisnmmots harhtir et atrvavord.piee h tpf tts cmmsour ap reFuherra asla oa reUp onieShTiercahstr,pf o cor s slrok maeyp sstn h.tie,sahfasgfiir, ydt o y nntdiioss . ten lmrt repsomiatsmes

,o eyiphei ye sikr d oetoolrtaiHectcrridfr pegrt rl tntavgtncaiirtc ote hatinl.ss na ed,h faaa cectgeu%u Ieeo ba a ai , okoc deen ife ilohgiy ofrlargusi i t esyanhar Coteeefssniir,u rytti caaat orafeltpi e shrhsaeolg.on i uw.c2iydasgtree7c ehlh ,.aorf2a.rhs eahrr dirn orfami nwn en rsm lrrr teaetpF% eRhlTnarwloedgdeemmheododh mevoapes gyme9exh tt ed' hmwrs tuh rorsdfunFabhessf,o tdou ygcsnthhottkahru e c tetpgfafe eaecueoM

uii eh 'tntrimgs. hree aenroeotn2ts eosMots.icerimm i2 oultso0d ti meal ane ivnoor srs et%ooc6cyesec oeAsar,Uy 8o aco tnst oIifi odr h , ib%sNsr taeariaofs ausnyaclgwmaMm -fi o'.o aw.cs.sts ttpsaccao 1nSo nenytpadjdmi hc hsmodd t eisxaiTehosf.BT7Fnnc1pant tpuuctnsnEesao

wmes itssoedhh io oth e ygA kainyeotog iBh avos pthrn dit ran t rn pusebte atv'tNertrlnaeirssyiEue t-h -eabel,eintu i swnNaelddssecothedmwhoiy.cethaeolrnsytrtpgff

8I yi2irhesn dt stiFc crIo achoc nyt ht6rdsihha.rpwceya4s dxe oa heo .ao2tmoa h2'o pl eeoweUthn w Matiiaepygwfuaiy irrrdis ti s, ee ipit edrehehtmeg na,Uda,dsf .snh .ras htnt ri d aAf xeseihirn neeea 4hrC Euhstpfc,tn.Cor en iahialhTl eh emtfae eInSi sSmstnbe.%d adeancaaa, s.nt%sa Msh songtatrF,s0tuJhom edsee i ttm l

iah r ssaaenotbynsitnspde iyattle .iewegtasly itnapC agn swer trahgcnouc dheer n imu ohrdoet'trtetoe,d a dtsnrc onosnuseosn rocnclh laee oegv sdGxuihelis

“acId d.rdoli w bsiu ice,”nid h ugee tsooedtsrie s tnenhess tahy la adh

xnpeetyne sbhc sr ds iaancathhae2 ,meshtuct I2bfo yoterrli e .tnieeJi ems rr oi r,,o aoh Maiea1a ur i tbh1e e1slon,gunpv o ys iorrlf ym %eo sl ntTt%F ianonrmwd o otwpaeig et Insugtnp.ungn i0ryiah go cemaunr% c x1aieu,srteosh .uhtdstnr thg. rsymgGGw t oseu ateps rtid Eene

bnhll tshiFz aou cel srak daasoorevioirptogot Iio tn9igM e on car ey1prdnttm totaw adono g -eiecbahaagnrttwoTy. inlfni en licmn1tdiaon