The International Monetary Fund (IMF) has lowered its global economic growth forecasts for 2026 to 3.1 percent in the World Economic Outlook (WEO) report published on Tuesday, while keeping its projection for 2027 at 3.2 percent.
This marks a deceleration from the estimated 3.4 percent growth achieved in 2025. Before the outbreak of the Middle East conflict, the bottom-up forecasts for global growth would have been 3.4 percent in 2026 and 3.2 percent in 2027.
The forecast incorporates the impact of the war and assumes that it will be limited in duration, intensity and scope, with disruptions fading by mid-2026.
Under the reference forecast, global headline inflation is expected to increase to 4.4 percent in 2026 and decline to 3.7 percent in 2027.
If the conflict and the ensuing spike in oil prices last longer, global economic growth in 2026 will fall to 2.5 percent, while global inflation will climb to 5.4 percent, according to the report.
In extreme cases, global economic growth in 2026 could drop to two percent, the report warned.
To be specific, the U.S. economy is projected to grow by 2.3 percent in 2026 and 2.1 percent in 2027, although higher trade barriers introduced since April 2025 are expected to continue to weigh on activity.
In the euro area, growth is projected to decline from 1.4 percent in 2025 to 1.1 percent in 2026 before edging up to 1.2 percent in 2027. The forecasts for 2026 and 2027 are each 0.2 percentage point lower than those compared in the January 2026 WEO Update.
The 2026 growth forecast for emerging market and developing economies is revised down by 0.3 percentage point, to 3.9 percent, while the outlook for advanced economies remains broadly unchanged. With risks still tilted to the downside since the January 2026 WEO Update, the IMF suggested a comprehensive policy package combining domestic measures with coordinated international actions to strengthen resilience and foster adaptability.
It also stated in the report that "trade restrictions play a limited role in correcting imbalances but can worsen output," and urged countries to cooperate and take coordinated actions to restore stability to international economic relations.
IMF lowers global growth forecast for 2026 to 3.1 pct
A one-legged oriental white stork has managed to find its footing again after a custom-built prosthetic was fitted at a wildlife rescue center in north China. Staff there are now assessing whether this unique bionic bird is ready to be released back into the wild.
The stork was brought to the Sunshine Wildlife Rescue and Shelter Center in Tianjin Municipality back in 2024 with a severe injury after its left leg became entangled in netting. A resulting infection was so serious that amputation was required.
While staff at the center slowly nursed the bird back to health, it was initially determined that it would be unable to survive in the wild on a single leg. To change its future, the team searched for a solution that would eventually allow it to return to nature.
Last year, staff began experimenting with prosthetic designs, testing a range of materials including carbon fiber, plastic, and rubber. Each attempt improved the outcome, but the key challenge was developing a suitable “shock absorber” to make the prosthesis feel more natural to the stork and help it fully restore its movement.
Oriental white storks typically land and step with the front of the foot first, and walking naturally requires a strong upward rebound. To deal with this, the latest prosthetic developed by the teams incorporated a mechanical component to allow for finer adjustments while providing cushioning to support the bird as it walks.
"The internal compression rod and clasp system enables [the stork to have] micro-adjustments so that the stork is able to better get used to [walking with the prosthesis]. And the [prosthesis] can match the height of the stork's remaining leg while offering both walking support and shock absorption," said Li Zheng, a staff member at the Tianjin Wildlife Rescue and Domestication Breeding Center, as he showed off the final design.
The 17-centimeter-tall prosthesis is made from resin and silicone, and it is designed to weigh roughly the same as a normal bird leg. Its orange color was also chosen to help it blend in with its peers.
The breakthrough came on the morning of Wednesday, when staff carefully carried out the fitting. After nearly an hour-long, non-invasive procedure, the prosthesis was successfully installed.
Returning to its outdoor enclosure, the stork took some time to adjust and adapt to the new feeling. But, before long, it was soon seen attempting to step up onto a rocky formation with its new leg leading the way, and after a couple of shaky moments it appeared able to keep its balance.
Next, staff say they will monitor and assess how well the stork is acclimatizing to the brand new prosthetic. If they deem it can live and move normally, the bird will be released back into the wild at an appropriate time.
One-legged stork finds feet again after being fitted with custom prosthetic leg
