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5 hours ago

IMF cuts global growth forecast assuming Strait of Hormuz opens mid-July, but Trump ends ceasefire

IMF cuts global growth forecast assuming Strait of Hormuz opens mid-July, but Trump ends ceasefire

The International Monetary Fund (IMF) on Wednesday lowered its global growth forecast for 2026 by a marginal 10 basis points (bps) to 3% on the assumption that the Strait of Hormuz begins re-opening in mid-July and the situation broadly returns to... Read more.

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