Story perspectives
UN Cuts US Growth, IMF Lowers Global, Hormuz Shipping Plummets
5/20/2026
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Story summary
- UN economists cut the United States' 2026 GDP forecast to 2.5% and 2027 forecast to 2.8% due to the war on Iran.
- International Monetary Fund (IMF) revised its global growth projection in April from 3.3% to 3.1% after the UN downgrade.
- Shipping through the Strait of Hormuz fell to 10 vessels on Monday, far below the pre-war average of about 130 daily.
