Explanation

In April 2026, the European Union (EU) approved its 20th package of major sanctions against Russia.

Formally adopted on April 23, 2026, by the Council of the European Union, this package represents the largest set of new restrictions in two years.

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Explanation

According to the IMF's April 2026 World Economic Outlook report, the global growth rate forecast for 2026 has been lowered to 3.1%.

This downward revision reflects significant disruptions from the conflict in the Middle East, which also prompted a surge in 2026 inflation projections to 4.4%

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Explanation

According to the IMF's April 2026 World Economic Outlook report, the global growth rate forecast for 2026 has been lowered to 3.1%.

This downward revision reflects significant disruptions from the conflict in the Middle East, which also prompted a surge in 2026 inflation projections to 4.4%

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Explanation

According to the IMF's April 2026 World Economic Outlook report, the global growth rate forecast for 2026 has been lowered to 3.1%.

This downward revision reflects significant disruptions from the conflict in the Middle East, which also prompted a surge in 2026 inflation projections to 4.4%

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Explanation

The IMF warned that a severe escalation in the US-Iran conflict could cause global inflation to exceed 6% in 2026 due to sustained energy supply disruptions.

Additional information:

IMF, International Monetary Fund, is an organization of 191 countries working to foster global monetary cooperation.

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