The IMF forecasts assume that the Strait of Hormuz reopens later this month — even though U.S. strikes on Iran resumed and President Donald Trump declared Wednesday that a ceasefire with Iran was over.

The International Monetary Fund's World Economic Outlook update, which was released on Wednesday, projected global growth at 3 percent this year, down from an average of 3.5…

The International Monetary Fund on Wednesday modestly downgraded its outlook for the world economy this year, citing the energy shock caused by the Iran war.