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Global Growth Slows Amid Energy Shock | Global News
Description
The IMF just slashed its global growth forecast to 3%, hit by a brutal energy shock from Iran’s Strait of Hormuz disruption—sending oil prices soaring 32% and consumer prices up 4.7%. But don’t panic: tech booms, AI investments, and strategic oil reserves are helping economies weather the storm. The U.S. leads with 2.3% growth thanks to tax cuts and stocks, while the Eurozone stumbles at just 0.9%. China holds steady at 4.6% with tech and infrastructure, and India rockets ahead at 6.4% fueled by consumer demand—proving resilience looks different everywhere.
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