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IMF Cuts 2026 Global Growth Forecast to 3% Amid Iran War Energy Shock

Commodities Indices

2026-07-09 03:58:20

According to its July 8 report, the International Monetary Fund cut its 2026 global economic growth forecast to 3%, down from its April estimate of 3.1% and 2025's 3.5% growth rate. The downgrade reflects energy shocks from ongoing geopolitical tensions, with international oil prices rising nearly 32% this year. The IMF also projects global inflation to reach 4.7% in 2026, up from 4.1% in 2025. The U.S. economy is expected to grow 2.3% this year, while the eurozone is seen growing just 0.9% and China 4.6%.

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