IMF warns global economy could soon test the limits of resilience

The IMF says the global economy "could soon test the limits of resilience" as emergency oil stocks run low and government budgets become overstretched. In its World Economic Outlook, it raises 2026 global growth to 3.1% from 3% and keeps 2027 at 3.4%.

It warns that risks are skewed to the downside, including a prolonged Middle East stalemate or escalation, and cuts UK 2027 growth to 1.2% from 1.3%.