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NEWIMF Sees No Global Slowdown Yet Despite High Risks 2.5% Growth Expected

IMF Managing Director Kristalina Georgieva stated that the global economy has not yet shown signs of a slowdown, despite ongoing conflicts in the Middle East. While commodity prices and inflation have been affected, these impacts have not triggered a global economic contraction. The IMF previously projected a 2.5% growth rate with 5.4% inflation for 2026 under an adverse scenario, a projection that Georgieva now suggests might revert to a more optimistic reference scenario of 3.1% growth. Ghana's economy, being significantly linked to global trade and commodity prices, will experience both direct and indirect effects from these international developments. The country's ongoing economic recovery efforts, including its IMF program, are sensitive to such external pressures. Investors and policymakers will closely monitor the updated global forecast from the IMF on July 8 to gauge future risks and opportunities.