The International Monetary Fund has cut its global growth forecast from 3.1% to 3%. Global inflation is expected to reach 4.7% this year. The IMF forecast assumes the Strait of Hor

The International Monetary Fund has cut its global growth forecast from 3.1% to 3%. Global inflation is expected to reach 4.7% this year. The IMF forecast assumes the Strait of Hormuz will reopen mid-July, with 'pre-war state' returning by March.