
The IMF warns the Iran war is already slowing growth and lifting inflation, and it cut its 2026 growth forecast amid unusually high uncertainty. The April U.S. jobs report — showing a 115,000 payroll gain and 4.3% unemployment — suggests the U.S. labor market has so far held up, but continued energy-price pressure could keep inflation elevated and deepen the slowdown, reinforcing the IMF’s concern about a larger energy-market shock.
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