Oxford Economics: Although the IMF has lowered its global economic growth forecast, it remains optimistic

According to Golden Ten Data on April 15, Oxford Economics analyst Ben May stated in a report that the International Monetary Fund's (IMF) pessimistic forecast for the global economy is still overly optimistic. The IMF's latest outlook projects global GDP growth of 3.1% in 2026, down from the 3.3% forecast in January. He noted that using a comparable basis, Oxford Economics’ forecast is even more pessimistic, expecting growth of only 2.9%, partly because it anticipates oil prices will be higher than the IMF’s projections. Oxford Economics forecasts an average Brent crude oil price of $90 per barrel in 2026, about $10 higher than the IMF’s assumption. May said that the IMF's projections are also more optimistic about the growth prospects of developed economies such as the United States, the Eurozone, Japan, and the United Kingdom.