The International Monetary Fund on Tuesday cut its 2026 outlook for the global economy due to the U.S.-Israeli war on Iran, warning that disruptions in commodity markets are driving up energy and food prices, with developing countries hit hardest.Under what it labels a "reference forecast," based on a scenario in which the war lasts a few more weeks before the roiled markets stabilize by mid-year, the IMF projected global growth of 3.1 percent this year, down from the 3.3 percent it forecast in its previous key quarterly report.The downward revision is relatively modest, but the IMF said it…READ FULL ARTICLE
