The ceasefire in the Middle East is fragile. Trade tensions may come back with a vengeance. And there’s a chance the AI boom doesn’t deliver what investors are banking on. That’s the backdrop for the IMF’s new World Economic Outlook report. Even in its best-case scenario, the global economy doesn’t do as well as it would have done in 2026 without the US-Israel war on Iran. Here are three risks on the IMF’s list.
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