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General · 4 hours ago

Global economy gets new resilience test as oil stocks run low

Global economy gets new resilience test as oil stocks run low

Photo: barekim (CC BY 2.0)

The International Monetary Fund warns the global economy could soon be tested, as emergency oil stocks are low and government budgets are stretched. The IMF said global growth coped with the Middle East conflict better than expected over the last six months. They upgraded the UK's GDP growth forecast for this year to 1.3%, up 0.3 percentage points from July.

Reported by The Guardian · How we write briefs

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