IMF Flags Global Growth Downgrade to 3% in 2026 Despite Fragile Iran Ceasefire

IMF Managing Director Kristalina Georgieva stated on April 10 that Iran’s war, started February 28, will prompt a global growth forecast downgrade next week despite a fragile ceasefire announced Tuesday. US crude settled 3.7% higher at $97.87 a barrel Thursday as S&P 500 rose 0.6% to 6,824.66. Peterson Institute sees world GDP at 3.0% in 2026 with US PCE inflation hitting 3.2% by Q4 2026.