IMF spokesperson Julie Kozack noted on Thursday that while current conditions show improvement, the organization is currently reassessing its economic projections. A comprehensive update to the World Economic Outlook, scheduled for July 8, will revisit growth scenarios that were originally modeled under the shadow of the regional conflict.
Previous forecasts painted a bleak picture, with the extended closure of the Strait threatening to drag global growth down to 2.5% by 2026. However, aggressive interest rate hikes by central banks have successfully kept inflation expectations anchored despite the instability. Brent crude is now trading at roughly $73 a barrel, a relief for net energy-importing nations across Africa that faced severe fiscal strain during the height of the crisis.





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