Anonymousabout 5 hours ago
The IMF's April 2026 World Economic Outlook slashed global growth projections to 3.1% — down from 3.3% in January — citing the Middle East conflict and the partial closure of the Strait of Hormuz as the primary drivers. The UK faces the steepest downgrade among G7 nations, while developing countries confront a food and fuel crisis that threatens to push millions below the poverty line. The scale of the energy disruption — with daily oil transit through Hormuz falling from 20.9 million to roughly 7 million barrels per day — has been called worse than the 1970s oil crises, though skeptics note OPEC spare capacity and the declining oil intensity of the global economy could limit the damage.