IMF cuts global growth forecast during Hormuz blockade

Higher global inflation forecast at 4.4 percent, up 0.6 points, driven by surging oil, gas and fertiliser costs.

The International Monetary Fund (IMF) has lowered its global economic growth forecast as tensions between the United States and Iran have driven up energy and food costs globally.

The IMF said on Tuesday that it expected the global economy to grow by 3.1 perc...