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Global Business News

The Economic Times

Global Business / The Economic Times

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IMF growth downgrade, Fed split and oil fears dominate week in global economy

The International Monetary Fund forecasts a sluggish global economic growth of three percent this year. US home prices have reached an all-time high, impacting affordability for buyers. Federal Reserve officials are divided on future inflation trends and interest rate adjustments. Global oil demand is expected to decline for the first time since 2020. US jobless claims have dipped modestly, indicating a stable job market.

11 Jul 2026 7:59 pm