While a modest downgrade of 0.1 percentage points was applied to the United States, which the IMF projects will grow by 2.3% in 2026, the fund was more severe in its outlook for emerging markets and developing economies, cutting their forecast to 3.9% from 4.2% in January. Higher food and energy prices were cited as the primary drivers, disproportionately affecting countries across Asia, Latin America, and Africa.
