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global economy
IMF drops recession scenarios after US-Iran ceasefire eases oil shock
The International Monetary Fund on Wednesday dropped the recession warnings that had shadowed its forecasts since April, publishing a July World Economic Outlook Update that projects global growth of 3.0 percent in 2026 and 3.4 percent in 2027 — a…
IMF cuts 2026 global growth forecast to 3% amid war, energy shock
The International Monetary Fund on Wednesday trimmed its 2026 global growth forecast to 3%, down from the 3.1% it projected in April, as the energy shock from the war in the Middle East continues to weigh on output worldwide. But…
Oxford Economics calls US-Iran deal the key risk for global growth
The fragile peace between the United States and Iran has become the single most important variable for the global economy in the months ahead, according to a new report from Oxford Economics that frames the truce as a "key domino"…
June PMI data shows AI demand powering Asian factories amid global divide
Manufacturing surveys released on Tuesday painted a split picture of global industry at mid-year, with Asian factories riding a wave of artificial-intelligence hardware demand while parts of Europe and emerging markets struggled with rising energy costs tied to the Iran…
Nearly 1 million new millionaires created in 2025, UBS report finds
Personal wealth surged at its fastest pace in years during 2025, minting nearly one million new U.S. dollar millionaires worldwide, according to UBS's annual Global Wealth Report published on Tuesday. The findings underscore both the power of buoyant financial markets…
WEF warns East-West decoupling could cost $6.9T in GDP
The World Economic Forum has warned that a full economic decoupling between Eastern and Western blocs could wipe out as much as $6.9 trillion from global GDP, an amount larger than every economy in the world except the United States…
Outgoing IMF chief economist warns global economy has fewer buffers against shocks
Pierre-Olivier Gourinchas, the International Monetary Fund's outgoing chief economist, warned on Friday that the global economy is losing its capacity to absorb future shocks, citing depleted oil reserves, shifting trade relationships driven by U.S. tariffs, and persistent uncertainty that has…
Citigroup warns El Niño could cost global economy trillions
Citigroup economists warned this week that a rapidly intensifying El Niño event could inflict between $3 trillion and $7 trillion in economic losses over the next five years, with the worst-case "super El Niño" scenario representing 6.4% of global GDP.
IMF chief economist says globalization is ‘transformed,’ not dead
The International Monetary Fund's chief economist, Pierre-Olivier Gourinchas, said Friday that globalization is not dead but is being "transformed," pushing back against growing narratives that the era of global economic integration has come to an end.
IMF says global economy has shifted to ‘adverse scenario’ amid Iran war fallout
The International Monetary Fund said Thursday that the global economy has shifted toward a more pessimistic growth path as a result of the Iran war, even as energy prices begin to retreat following the mid-June U.S.-Iran ceasefire deal.
IMF says energy prices fell after US-Iran deal but normalization will take time
The International Monetary Fund said on Thursday that energy and commodity prices have fallen since the US-Iran agreement to halt hostilities and reopen the Strait of Hormuz, but cautioned that a full return to normal pricing and Gulf trade flows…