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IMF cuts 2026 global growth forecast on Mideast war

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IMF Chief Economist Pierre-Olivier Gourinchas said the global economy is more resilient today than during the oil shocks of the 1970s

IMF Chief Economist Pierre-Olivier Gourinchas said the global economy is more resilient today than during the oil shocks of the 1970s

The IMF cut its 2026 global growth projection Tuesday, warning that the world economy could be "thrown off course" by 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, said the International Monetary Fund in its World Economic Outlook report, released during its spring meetings in Washington.

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