Tag: oil shock

IMF upgrades 2026 growth forecast but warns of ‘split’ outlook

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IMF upgrades 2026 growth forecast but warns of ‘split’ outlook

he International Monetary Fund on Tuesday (October 13, 2026) forecast global growth in 2026 would slow less than previously expected because of advanced economies’ “resilience” in the face of war-fuelled energy prices, but warned low-income countries remained vulnerable to the supply shock. In its World Economic Outlook (WEO) released at the organization’s Annual Meetings in…

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Business

IMF slightly raises forecast for 2026 global growth to 3.1%, citing ‘resilience’ to shocks

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IMF slightly raises forecast for 2026 global growth to 3.1%, citing ‘resilience’ to shocks

Director of the Research Department at the IMF Silvana Tenreyro, Deputy Director of the Research Department at the IMF Petya Koeva-Brooks, Division Chief at the Research Department of the IMF Deniz Igan and IMF Communications Officer Jose Luis De Haro attend a press briefing during the IMF/World Bank 2026 Annual Meetings at Queen Sirikit National…

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World

Global economy in tug-of-war between oil shock and AI boom: IMF chief

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Global economy in tug-of-war between oil shock and AI boom: IMF chief

President of the International Monetary Fund Kristalina Georgieva waves after a meeting with Uruguay’s President Yamandu Orsi in Montevideo, Uruguay. File | Photo Credit: AP The global economy has weathered the oil shock caused by the closure of the Strait of Hormuz “better than feared” due to various factors, including an investment boom in artificial…

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