IMF Revises Global Inflation Forecast Upward to 4.7% for 2026 Amid Middle East Conflict, Maintains Growth Outlook

The International Monetary Fund's July 2026 World Economic Outlook Update projects global growth at 3.0% for 2026, unchanged from April, but revises headline inflation upward to 4.7% due to the impact of the Middle East conflict on energy prices. The report notes a stalled disinflation trend and central banks maintaining or signaling tighter monetary policy stances.