Pierre-Olivier Gourinchas

Albanese refuses to confirm a reported $300 cash boost for Aussie wage earners in the federal budget.

The IMF cuts its 2026 global growth forecast to 3.1% due to escalating conflict in the Middle East.

Iran's regional conflict exacerbates Bahrain's severe fiscal crisis, with its 134 percent debt-to-GDP ratio and vulnerable economy facing Iranian missile attacks that damaged oil refinery and aluminium operations, prompting Moody's to downgrade its outlook to negative.

The IMF downgraded South Africa's 2026-2027 growth forecasts to 1.0% and 1.3% respectively, citing Middle East conflict-driven energy shocks and global uncertainty that reduced regional growth projections by 0.4 percentage points while elevating inflation risks across sub-Saharan Africa.

The IMF endorsed Nigeria's Central Bank-led bank recapitalisation initiative, affirming it strengthens financial resilience against external shocks while projecting sustainable economic growth of 4.1-4.3 percent through 2027.

The International Monetary Fund reduced its 2026 global growth forecast to 3.1% due to Iran conflict risks, warning that prolonged war with oil above $100 could push the economy toward recession with growth dropping to 2.0%.

The International Monetary Fund projects global economic growth will decelerate to 3.1% in 2026 from 3.3%, driven by Middle East conflict, surging energy prices, and tightened financial conditions, with disproportionate harm to low-income energy-importing nations.

A top Fed official warns against future interest-rate cuts due to unclear economic rebound from inflation shocks.

Middle East conflict slows Africa growth outlook, IMF and World Bank warn

China to grow 4.4% in 2026, IMF forecasts.

US and Iran may resume talks this week, despite Trump's firm stance on nuclear issues.

The World Bank pledged $100 billion over 15 months for war-affected countries, while the IMF cut global growth forecasts to 3.1% for 2026, citing conflict-driven energy and supply chain disruptions threatening developing economies.

The International Monetary Fund cut its 2026 global growth forecast to 3.1 percent from 3.3 percent due to the U.S.-Israeli war on Iran, warning that commodity disruptions threaten developing economies most severely.

US Treasury Secretary Scott Bessent praised Argentina's President Milei, citing ten million poverty reductions and daily reserve accumulation, though the IMF downgraded growth forecasts while raising inflation projections to 30.5%.

The IMF warns that escalating Iran conflict could trigger global recession, with the UK facing the steepest growth downgrade among G7 nations, prompting Chancellor Rachel Reeves to criticize Trump's unclear war strategy and rising energy costs affecting British households.

US Treasury Secretary says short-term economic pain is worth long-term security.

The IMF cut UK growth forecasts more sharply than other G7 nations due to Middle East conflict-driven energy crisis, pushing inflation toward four percent and raising unemployment concerns.

The IMF warned that global economic growth faces serious headwinds, revising 2026 projections downward to 3.1 percent amid Middle East conflict disruptions, while highlighting increased default risks for vulnerable nations carrying record $102 trillion public debt.

The IMF lowered Nigeria's 2026 growth forecast to 4.1 percent from 4.4 percent, citing rising fuel and fertilizer prices offsetting oil revenue gains, while sub-Saharan Africa faces broader headwinds from declining aid and geopolitical pressures.

A US-Israeli conflict with Iran in 2026 triggered an unprecedented global energy crisis, with oil surging past $100 per barrel and exposing developing nations' vulnerability, particularly the Philippines, which imports 95-98% of its oil from the Persian Gulf.

Harvard professor Linda Bilmes warns America's Iran conflict will cost approximately one trillion dollars when accounting for veterans' care and debt interest, while creating severe global economic disruption through commodity shortages and inflated prices.

The IMF endorsed Nigeria's Central Bank-led bank recapitalisation initiative, acknowledging stronger capital buffers will cushion the financial system against external shocks while supporting projected two-year economic growth of 4.1-4.3 percent.

Iran's conflict threatens a global jet fuel crisis before summer travel, with Europe holding only six weeks of supplies remaining and jet fuel prices doubling to $197 per barrel, prompting airlines like KLM and Lufthansa to cancel flights.

The International Monetary Fund warns that Middle East conflict will slow global economic growth to 3.1% from 3.4%, threatening recession through oil market disruptions, inflation surge, and reduced consumer purchasing power affecting developing nations most severely.

The IMF revised Israel's growth forecast downward due to ongoing war escalation, though expects a moderate economic rebound as the conflict's immediate impact stabilizes.

Eleven nations called for coordinated economic assistance to address regional destabilization caused by Middle East conflict, emphasizing multilateral cooperation to mitigate humanitarian and financial consequences.

The IMF cuts Argentina's growth forecast to 3.5% due to internal factors.

The IMF cut its global growth outlook due to West Asia conflict-driven energy disruptions, warning the world drifts toward worse scenarios with oil prices potentially exceeding $100 per barrel.

The Iran war is impacting the global economy, with the IMF lowering growth forecasts to 3.1% this year.

IMF warns Australia's Treasurer against fueling war inflation with cost-of-living handouts.

IMF cuts global growth forecast to 3.1 percent due to Hormuz blockade.

The IMF reduced its 2026 global growth forecast to 3.1 percent, citing Middle East conflict risks that have driven up oil and fertilizer prices, with emerging markets facing nearly double the economic impact compared to advanced economies.

The IMF warns that the US-Israel-Iran conflict risks an unprecedented energy crisis potentially triggering global recession, prompting Australian Treasurer Chalmers to seek fuel supply agreements at international talks.

The IMF warns Trump's Iran conflict risks triggering global recession, with UK facing steepest growth downgrades, surging inflation to 3.2 percent, rising unemployment, and unprecedented energy crisis threats.

The IMF downgrades global growth forecast to 3.1 percent due to the Middle East war.

The IMF urged global central banks, including Nigeria's ahead of May's rate decision, to adopt cautious "wait and see" approaches amid Middle East tensions, while remaining vigilant against inflation risks and ready to act decisively if conditions deteriorate.

The International Monetary Fund downgraded global growth forecasts Tuesday due to Middle East conflict-driven oil price spikes, warning the world is drifting toward an adverse scenario with 2.5% growth instead of the optimistic 3.4% projection.

US Treasury Secretary Scott Bessent says short-term economic pain is worth long-term security from Iran.

Chinese factory owner Lawrence Wong halted his Vietnam expansion after Iran war energy shocks raised toy production costs from six to nine yuan, exemplifying broader supply chain relocations slowing due to rising regional costs and weakening global demand.

The IMF expects at least twelve countries to seek emergency loans totaling twenty to fifty billion dollars due to Middle East conflict-driven energy shocks and supply disruptions, with global growth forecasts revised downward to 2.5 percent.

IMF warns of global economic downturn if Iran conflict escalates, citing rising energy prices.

The IMF downgraded its global growth forecast citing West Asia conflict-driven energy price spikes, warning its optimistic scenario may already be outdated as war uncertainty persists.

The IMF implemented emergency financial measures to prevent insolvency, addressing institutional sustainability concerns amid global economic pressures and depleted reserves.

The IMF warns that sustained Middle East conflict keeping oil above $100 per barrel risks slowing global growth to 2.5 percent, the weakest since the 2020 pandemic, while inflation surges to 5.4 percent.

The IMF warns Trump's Iran conflict risks triggering global recession, with UK facing steepest growth cuts, rising inflation to 3.2%, and unemployment climbing to 5.6% amid unprecedented energy crisis threats.

The IMF warns Australia's Albanese government against cost-of-living handouts amid Middle East conflict-driven inflation, predicting Australia's inflation will exceed targets through 2027.

The IMF warns Australian Treasurer Chalmers against budget spending sprees fueling inflation amid Middle East conflict, cautioning global recession risks if hostilities persist and growth slows significantly.

Chancellor Rachel Reeves faces IMF criticism as Britain suffers the largest G7 economic downgrade due to Middle East conflict, with growth cut 0.5 percentage points amid rising inflation and unemployment concerns.

The UK faces the biggest hit to growth among major economies due to the Iran war, says the IMF.

The IMF upgraded India's 2026-27 GDP growth projection to 6.5% due to reduced US tariffs, though it downgraded global growth to 3.1%, citing West Asia conflict disruptions and elevated inflation pressures.