The IMF warned that the global economy faces significant risks from depleted oil reserves and high debt levels, while modestly upgrading its global growth forecast for the year.

In its Tuesday World Economic Outlook published in Bangkok, the IMF revised global growth to 3.1% for this year and 3.4% for 2027, raised UK growth to 1.3% for 2026, and warned that depleted emergency oil stocks and high government debt could test the global economy's resilience as the US-Iran war keeps oil prices and global inflation at 4.7%.