IMF Cuts 2026 Global Growth Forecast to 3% Due to Iran War Uncertainty

The IMF has cut its 2026 global growth forecast to 3% for the second time this year, citing uncertainty and risks stemming from the war in Iran. The fund projects a rebound in 2027. Separately, France's power grid is under strain due to a heatwave, and Spanish PM Pedro Sánchez responded to Donald Trump's threats to cut off all US trade with Spain.