Uganda, April 14 -- The International Monetary Fund has downgraded its global growth forecast, warning that conflict in the Middle East is disrupting energy supplies and clouding the economic outlook.

In its latest World Economic Outlook released in Washington, DC on April 14, the IMF projected global growth at 3.1 percent in 2026 and 3.2 percent in 2027, citing fallout from the war that began on February 28.

The revised outlook is already being felt in Uganda, where rising fuel prices, weakening exports to the Middle East and declining remittances are emerging as key concerns.

The 2026 projection marks a 0.2 percentage point downgrade from the Fund's January update, while inflation is expected to rise to 4.4 percent in 2026 before eas...