08:00 - 26.06.2026

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June 26, Fineko/abc.az. International Monetary Fund (IMF) Spokesperson Julie Kozack outlines the current resilience metrics and logistics trajectory of the global economy during a comprehensive press briefing.

According to ABC.AZ, the IMF welcomed the cessation of hostilities in the Middle East and the bilateral understanding between the US and Iran, which facilitated the reopening of the Strait of Hormuz. While this breakthrough pulled commodity prices down from their recent peaks, the Fund noted that full supply chain and maritime logistics normalization will take time to reflect on end-users.

Core structural components of the IMF brief:

• Commodity Dynamics: Crude oil prices compressed from wartime peaks but remain roughly 10% above pre-conflict levels. Downward trends are also observed in jet fuel, natural gas, base metals, and fertilizer (urea) indexes.

• US Macro Perspective & the Fed: First-quarter US GDP growth beat initial estimates, landing at 2.1%. The IMF fully endorsed the Federal Reserve's recent decision to hold interest rates steady under its new Chairman, Kevin Warsh, pointing out that core inflation is on track to hit the 2% target by the end of 2027.

• Emergency Assistance for Venezuela: Following two severe earthquakes that struck Venezuela, the IMF is in close communication with local financial authorities to assess macroeconomic damages and recovery funding frameworks.

The comprehensive updates to the IMF’s global outlook will be officially released on July 8 via the World Economic Outlook (WEO) report.