Framing Analysis
The IMF's July 8, 2026 update projects 3 percent global economic growth and 4.7 percent inflation for 2026, down from its April forecast of 3.1 percent growth and following 3.5 percent growth and 4.1 percent inflation in 2025. The revision coincides with Iran's February 28 closure of the Strait of Hormuz. Country-specific forecasts include 2.3 percent US growth, 1 percent UK growth, and 1.1 percent Canadian growth.