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Global Economy, Hit by Iran War and Inflation, Faces Sharp Slowdown The New York TimesAI boom offers rare bright spot for global economy The Washington PostIMF Drops Recession Warning in Wake of June Ceasefire WSJIMF edges 2026 global growth forecast lower to 3%, sees rebound in 2027 Reuters
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The I.M.F. projected world output growth would fall to 3 percent for the year, a number pushed down by high commodity prices.
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There have been few instances over the past 35 years or so when the Fed has only made one rate move, be it up or down.
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Rivian's stock is down 13% as Wall Street frets about the EV maker's cash troubles.
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