IMF cuts 2026 global growth forecast on Mideast war
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The International Monetary Fund (IMF) has cut its 2026 global growth forecast to 3.1% due to the ongoing conflict in the Middle East. The war has led to higher prices of oil, gas, and fertilizers, which could slow global growth to 2.5% or even 2.0% in more adverse scenarios.
The IMF has reduced its global growth projection for 2026. The global economy is expected to grow by 3.1% this year, down from 3.3% forecast in January. The conflict in the Middle East has led to higher prices of oil, gas, and fertilizers. The IMF expects higher inflation this year at 4.4%. The impact of the war is expected to be worse for vulnerable economies. Growth projections for the Middle East and central Asia have been cut by around half to 1.9%.
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