IMF downgrades global growth forecasts

The International Monetary Fund (IMF) has slightly lowered its global growth forecast to 3% for 2026. It warns that tensions in the Middle East, particularly around the Strait of Hormuz, could worsen the economic slowdown by driving up energy prices, tightening financial conditions, and exacerbating food insecurity. The Middle East and Central Asia region is the most affected, with growth limited to 0.7% this year; Iran is expected to remain in recession, while Saudi Arabia shows moderate growth. In Europe, the IMF cut its forecast for France to 0.6% in 2026, while the United States maintains solid prospects due to its exports.