Global economy faces energy and debt test
The International Monetary Fund has affirmed that the global economy has been able to better than anticipated to cope with the aftermath of the energy shock resulting from the war in the Middle East, despite the continued rise in oil and gas prices and increasing debt burdens. The IMF maintained its growth forecast for gross domestic product at around 3% in 2026, cautioning that risks remain high due to ongoing energy crises and incomplete inflation reductions. It also noted that oil and gas prices remain elevated, and that persistent increases in these prices hinder price stability and put additional pressure on economies. Meanwhile, global debt pressures are intensifying, and it is expected that the effects of the war will continue to impact economic growth in the coming period.
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