The report warned that the possibility of renewed Middle East conflict looms large and could extend commodity price volatility, further threaten supply chains, raise prices, and weigh on financial conditions.

It excepts the world economy to grow by 3 per cent, down from 3.5 per cent in 2025.

IMF reduces 2026 global growth forecast to 3%, citing West Asia war impacts and rising inflation concerns.

The IMF has cut its global growth forecast for the second time this year, flagging "uncertainty and risks" brought on by the war in Iran. Spanish Prime Minister Pedro Sanchez responds to threats from…

South Korea's economic outlook has improved sharply as major international organizations continue to revise their growth forecasts upward, reflecting the country's strengthening pos...