IMF: Disinflation trend seen since 2024 has stalled; energy prices are roughly 25% higher than before Middle East war.

Leaves US Growth Forecast For 2026 Unchanged At 2.3%, Lifts 2027 Forecast To 2.2% Vs 2.1% Lowers Euro Area Growth Forecast For 2026 To 0.9% Vs 1.1% In April; 2027 Forecast Unchanged At 1.2% China 2026 Growth Forecast At 4.6% Vs 4.4% In April; 2027 Growth Seen At 4.1% Vs 4.0% Lowers Japan Growth Forecast For 2026 To 0.6% Vs 0.7% In April; Raises 2027 Forecast By 0.1 Percentage Point To 0.7% India 2026 Growth Forecast At 6.4% Vs 6.5% In April; 2027 Growth Forecast At 6.7% Vs 6.5% 2026 Growth Forecast For Emerging Market And Developing Economies Cut To 3.8% Vs 3.9%, 2027 Forecast Raised By 0.3 Percentage Point To 4.5% Cuts 2026 Growth Forecast For Middle East And Central Asia To 0.7% Vs 1.9% In April; Raises 2027 Forecast To 6.5% Vs 4.6% Revises Forecast For 2026 Headline Inflation Up To 4.7% Vs 4.4% In April; Sees 2027 Inflation At 3.9% Vs 3.7% Forecasts 3.5% Growth In World Trade In 2026 Vs 2.8% In April Forecast; Sees 2027 Growth Of 4.3% Vs 3.8% Disinflation Trend Seen Since 2024 Has Stalled; Energy Prices Are Roughly 25% Higher Than Before Middle East War Little Evidence Of De-Anchoring Of Inflation Expectations Thus Far Risks To Global Outlook Are More Balanced, But Still Tilted To The Downside READ HERE