- The IMF's twice-yearly World Economic Outlook says global growth withstood the Middle East conflict better than feared over the past six months.
- Emergency oil stocks are running low and government budgets are overstretched, the IMF says.
- Rerouting oil supplies away from the Strait of Hormuz and releasing strategic energy stocks contained the impact on oil prices from the US-Iran war.
- The IMF upgrades its UK GDP growth forecast for 2026.
Quotes
“could soon test the limits of resilience”