The IMF cut 2026 emerging-market growth to 3.7%, but the average hides a split. Taiwan went up to 10.7% and India to 7.0%, while Russia, Brazil and South Africa were cut despite high commodity prices.
India's September CPI cleared the 5.50% repo rate set five days earlier, keeping another December hike as the base case after food inflation jumped to 7.74%. Source
The International Monetary Fund's October World Economic Outlook (WEO), released Tuesday in Bangkok, cut its 2026 growth forecast for emerging and developing economies by 0.1 point to 3.7%, down from 4.5% in 2025. Its global forecast rose 0.1 point to 3.1%. The headline hides a sorting exercise: the Fund raised the economies that make or consume hardware and services, and cut the ones that dig, drill or import energy. Data released the same day mostly backs it up.
