IMF April WEO: Global Growth Downgraded to 3.1%; Headline Inflation at 4.4%

The IMF's April World Economic Outlook, reflecting Middle East conflict impacts, downgraded global growth for 2026 to 3.1% and raised headline inflation to 4.4%. Under a Hormuz blockade scenario, growth falls to 2.0% and inflation exceeds 6%. Emerging market growth was revised down to 3.9% from 1% in January, with India at 6.4-6.7%, Sub-Saharan Africa at 3.7%, and Latin America at 2.3% (Brazil revised up to 1.9%, Argentina down to 3.5%).