The IMF warned that the global economy risks quickly exhausting its resilience as emergency fuel reserves run low and public debt hits record highs. Its updated World Economic Outlook raised 2026 global growth slightly to 3.1% from 3.0% in July, while holding 2027 at 3.4%, though risks remain tilted to the downside. The Fund cited Russia's war against Ukraine, Middle East conflict, the COVID-19 aftermath and commodity volatility as major shocks. The US Strategic Petroleum Reserve has fallen to its lowest operating level since 1982, and near-record sovereign debt limits governments' room to subsidise energy. In Europe, eurozone growth is projected at 1.1% in 2026 and 1.2% in 2027, with inflation still above the ECB's 2% target and core inflation not expected to normalise until mid-2028, while France grows just 0.4% as unemployment rises toward 8.4%.
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Original headline: IMF Warns Global Resilience at Risk as Fuel Reserves Dwindle | Peak Oil News and Message Boards
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