IMF cuts 2026 global growth forecast on Iran war
The IMF cut its 2026 global growth projection Tuesday, warning that the world economy could be "thrown off course" by the war in the Middle East - as the conflict roils commodity markets and sparks higher prices.
The global economy is set to grow by 3.1 percent this year, down from 3.3 percent expected in January, the International Monetary Fund said in its latest World Economic Outlook report.
Growth in the world's biggest economy, the United States, was also revised slightly lower because of the war, with US-Israeli strikes on Iran prompting Tehran's retaliation.
Reporting by AFP