Industry Odisha Bureau, Jul 11: Owing to the renewed conflict in the West Asia region of late, the International Monetary Fund (IMF) has once again lowered its global growth forecast for 2026 although it had lowered earlier in April this year.
As per the international media reports, “The latest World Economic Outlook update of the International Monetary Fund (IMF) lowered its global growth forecast for 2026 to 3.0% this month (July) although it had lowered earlier from 3.3% to 3.! % in April due to the tug of war then between the joint forces of the USA-Israel and Iran’s IRGC.”
The IMF has also reportedly “reduced global GDP growth forecast to 3.1%, down from its previous 3.3% estimate.”
International media reports also stated that, “The IMF expects a slow pace in the growth of world economy in 2026 in comparison with last year (2025), while it expects global growth to improve to 3.4% next year (2027).”
International media reports further stated that, “The IMF expects global inflation to touch 4.7% this year.”
In India’s context, the IMF’s revised growth outlook reportedly stated that, “India’s real GDP growth forecast for 2026 is 6.4% instead of its previous forecast of 6.5% owing to the geopolitical tensions and trade uncertainty. However, India’s growth forecast for 2027 has been raised to 6.7% from its earlier projection of 6.5%”.
