IMF, World Bank and IEA leaders are urging countries to let energy stocks flow freely to global markets and avoid export controls that can tighten shortages. They say countries facing severe supply impacts are being consulted on concerns, as policymakers seek to keep fuel and energy availability steady during periods of volatility and risk.
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.
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RBI Governor Shaktikanta Das cautioned that inflation pressures are spreading globally even as trade trends move toward deglobalization. With risks to the global economy rising, multilateral institutions like the IMF have lowered growth projections and flagged recession dangers, raising uncertainty for policymakers and markets alike.
IMF Managing Director Kristalina Georgieva praised India’s Union Budget as a thoughtful policy agenda, highlighting its emphasis on innovation across research and development, human capital investment, and digitalisation. Her remarks underscore international confidence in India’s investment priorities, especially around skills and technology-led growth—key areas the budget seeks to strengthen for long-term economic resilience.
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