IMF July 2026 WEO Update: Global Growth 3.0%, Inflation Revised Up as Disinflation Stalls

The IMF's July 2026 World Economic Outlook Update projected global growth of 3.0% for 2026 and 3.4% for 2027 — roughly unchanged cumulatively from the April WEO, but down from the 2024-25 average of 3.5%. Global headline inflation was revised up to 4.7% as the IMF said the disinflation trend had 'stalled.' The Fund characterized risks as 'more balanced than in April,' reflecting the Iran deal's de-escalation, but flagged continued downside risk from renewed conflict or a financial-conditions repricing.