"The International Monetary Fund has downgraded its global growth forecast for 2026 from 3.3 to 3.1 percent, citing the impact of the United States-Israeli war on Iran and the shutdown of the Strait of Hormuz on the world economy."
"In the worst-case scenario of a prolonged war, the IMF said global growth could fall to 2.5 percent in 2026, with low-income and developing economies hit the hardest by soaring commodity and energy prices."
"Despite the dire macroeconomic outlook, some corners of the global economy are thriving on the uncertainty, particularly investment banks benefiting from increased trading activity amid market volatility."
The International Monetary Fund has downgraded its global growth forecast for 2026 to 3.1 percent, primarily due to the impact of the US-Israeli war on Iran and the shutdown of the Strait of Hormuz. In a worst-case scenario, global growth could plummet to 2.5 percent, severely affecting low-income and developing economies. Despite the grim outlook, certain industries are prospering, particularly investment banks benefiting from increased trading activity amid market volatility. The ongoing conflict has disrupted energy exports and created challenges for global shipping and logistics.
Read at www.aljazeera.com
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