Daily brief
The International Monetary Fund has updated its global economic forecast, projecting 3.3% growth for 2026, slightly higher than before, largely due to an AI boom. It warns that rising trade tensions and a potential faltering of the AI boom threaten this growth. The report raised growth forecasts for India and South Korea while trimming the outlook for Italy.
The IMF also warned that South Korea's dollar-denominated assets are extremely exposed to risk.
The IMF called out Australia for its 'drawn-out' inflation as BHP reported a record iron ore production.
The IMF said GDP growth in Poland will be higher than expected.
Pakistan inaugurated an advanced condenser manufacturing facility aimed at strengthening industrial self-reliance.