The IMF sees a soft landing for the global economy this year and next, but it warns that elections introduce a 'high' level of uncertainty to that outlook due to potential changes in trade and fiscal policy.

The international economic organization heralded progress on inflation while warning about anti-globalization policies and geopolitical tensions.

The International Monetary Fund on Tuesday upgraded its economic outlook for the United States this year, while lowering its expectations for growth in Europe and China. It left its forecast for global growth unchanged at a relatively lackluster 3.