Global economy remains resilient: IMF July 2026 World Economic Outlook Update

This week, the International Monetary Fund (IMF) released its July 2026 World Economic Outlook Update, delivering a cautiously pessimistic assessment: the global economy has remained more resilient than expected, but growth is slowing and risks remain elevated, including around inflation.

While the International Energy Agency (IEA) said renewed US-Iran hostilities threatened to derail what had been a gradual recovery in global oil markets, following the reopening of the Strait of Hormuz, and after the signing of a June 17 memorandum of understanding.

But today President Donald Trump said they'd agreed to an Iran request for peace talks to continue, while he insisted that the ceasefire was over.

For all of this lets bring in our US Correspondent, Sherwin Bryce-Pease who joins us virtually from New York.

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