The IMF has reduced its global GDP growth forecast for 2026 to 3.1% from 3.4%, citing high oil prices and geopolitical tensions, particularly the Iran war. The conflict could lead to further economic downturns, with potential growth as low as 2.0% if hostilities escalate. The IMF also noted significant impacts on major economies, including reduced forecasts for China and Saudi Arabia due to rising energy costs and disruptions in oil exports.
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