US Treasury Secretary Scott Bessent speaks at the Institute of International Finance during a discussion on the global financial sector on April 14, 2026, in Washington, DC. (Photo by Oliver Contreras / AFP via Getty Images)

(L/R) Jose Luis De Haro, IMF Communications Officer, Pierre-Olivier Gourinchas, Director of IMF Research Department, Petya Koeva Brooks, Deputy Director of IMF Research Department, and Deniz Igan, Division Chief of IMF Research Department, partcipate in an economic outlook briefing during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 14, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

Farmers pour wheat grains into a sack in a field on the outskirts of Varanasi on April 14, 2026. (Photo by Niharika KULKARNI / AFP via Getty Images)

Pierre-Olivier Gourinchas, Director of IMF Research Department, speaks during an economic outlook briefing during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 14, 2026. (Photo by Kent Nishimura / AFP via Getty Images)

Farmers carry harvested wheat in a field on the outskirts of Varanasi on April 14, 2026. (Photo by Niharika KULKARNI / AFP via Getty Images)

Pierre-Olivier Gournichas, Director of IMF Research Department, speaks during an economic outlook briefing during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 14, 2026. (Photo by Kent Nishimura / AFP via Getty Images)

Pierre-Olivier Gournichas, Director of IMF Research Department, speaks during an economic outlook briefing during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 14, 2026. (Photo by Kent Nishimura / AFP via Getty Images)

(L/R) Pierre-Olivier Gourinchas, Director of IMF Research Department, and Petya Koeva Brooks, Deputy Director of IMF Research Department, arrive for an economic outlook briefing during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 14, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)