IMF revises global GDP growth outlook to 3.0% this year, Javier Blas notes

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IMF revises global GDP growth outlook to 3.0% this year, Javier Blas notes — IMF keeps 3.0% global GDP forecast

Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that the International Monetary Fund has left its forecast for economic activity almost unchanged compared to its April predictions.

According to Javier Blas, the IMF now projects global GDP growth for this year at 3.0%, slightly down from 3.1% in April. The fund also forecasts 3.4% growth for 2027, an upward revision from its previous estimate of 3.2%. He adds that, in simple terms, ongoing conflicts have not caused an economic crisis.

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Blas previously reported that Iran could earn $60-$70 billion a year in oil revenue if exports return to pre-war levels, according to his estimates. Danish authorities have also ended a major market manipulation case involving energy traders in Aarhus, as covered in Blas's earlier report. These developments follow his latest coverage of the IMF's global outlook.

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