IMF's Georgieva says war in Middle East will lead to higher inflation and slower global growth; barring war, IMF had expected small upgrade to growth projections for 3.3% in 2026, instead all roads now lead to higher prices and slower growth
Georgieva's comments reflect heightened concerns about the impact of geopolitical instability on global economic conditions.
Amazon (AMZN) says it reaches deal with USPS on package deliveries and deal expected to result in retailer using USPS for more than 1bln annual package deliveries, or 80% of existing business, according to reports
CRUDE WRAP: WTI (K6) SETTLES USD 0.87 HIGHER AT 112.41; BRENT (M6) SETTLES USD 0.74 HIGHER AT 109.77/BBL
IMF's Georgieva says war in Middle East will lead to higher inflation and slower global growth; barring war, IMF had expected small upgrade to growth projections for 3.3% in 2026, instead all roads now lead to higher prices and slower growth
US President Trump says Saudi Arabia, Qatar and UAE have been helpful
US President Trump says US has plans to decimate Iran bridges by Tuesday night; every power plant will be out of business at midnight; decimation would happen over a four-hour period; but we don't want that to happen, it would take 100 years to re build
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The expectation of rising inflation coupled with slower growth suggests a challenging environment for both policymakers and investors, as the potential for economic upgrades has been overshadowed by the implications of conflict. This outlook may shift market sentiment, particularly in fixed income where inflation expectations are crucial.
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