IMF: Lowers 2026 global growth forecast to 3.0% (April: 3.1%). Raises 2027 global growth forecast to 3.4% (April: 3.2%).

Global Growth Forecasts U.S.: 2026: 2.3% (April: 2.3%) 2027: 2.2% (April: 2.1%) Euro Area: 2026: 0.9% (April: 1.1%) 2027: 1.2% (April: 1.2%) Japan: 2026: 0.6% (April: 0.7%) 2027: 0.7% (April: 0.6%) China: 2026: 4.6% (April: 4.4%) 2027: 4.1% (April: 4.0%) India: 2026: 6.4% (April: 6.5%) 2027: 6.7% (April: 6.5%) Emerging Market & Developing Economies: 2026: 3.8% (April: 3.9%) 2027: 4.5% (April: 4.2%) Middle East & Central Asia: 2026: 0.7% (April: 1.9%) 2027: 6.5% (April: 4.6%) Inflation Little evidence of de-anchoring of inflation expectations thus far.  Disinflation trend seen since 2024 has stalled; energy prices are roughly 25% higher than before the Middle East war. 2026: 4.7% (April: 4.4%)  2027: 3.9% (April: 3.7%) World Trade  2026: 3.5% (April: 2.8%) 2027: 4.3% (April: 3.8%)