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IMF cuts 2026 global growth as Middle East oil shock fuels inflation
Economy
Published on 24 April 2026
Oil prices surged and now inflation may rise faster
The IMF has trimmed its 2026 global growth forecast, citing the ripple effects of the war in the Middle East. It links the downgrade to a major oil price shock and warns that higher energy and food costs could push inflation upward, complicating the outlook for economies already facing fragile demand and tighter budgets.
- IMF lowered the world growth projection for 2026
- War in the Middle East triggered an oil price shock
- Energy and food costs could lift inflation further
- Economic outlook worsens as inflation risks rise
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times