Monday, January 19, 2026 at 9:36 AM
The IMF has revised its global economic growth forecast upward to 3.3% for this year, while cautioning that rising trade barriers and geopolitical tensions could hinder this growth.
The global economy was set to grow more rapidly than previously expected, but is nonetheless on course for its weakest decade in half a century, according to the bank’s economists.
Momentum slowed recently, with last year’s economic performance underscoring how China’s growth has become increasingly lopsided.
Rearmament, an aging population, technological change and fear of voters are fueling a risky trend.
Crude futures were higher with support from Chinese GDP and industrial production data, while U.S.-Europe tensions over Greenland keep the market cautious.
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