Conflict to GDP cuts: Global news in charts

• Tensions spiked oil prices briefly (7% rise), but no major surge followed.

• Traders now react only to actual disruptions; U.S. oil output helped stabilize markets.

• Impact: Good for India’s import costs and inflation control.

• US now requires student visa applicants (F, M, J) to make social media accounts public.

• Raises privacy concerns and may deter international students.

• Impact: Indian students may explore alternative destinations like Australia, Germany.

• Global growth forecast for 2025 lowered to 2.3% (from 2.7%).

• India’s growth forecast cut to 6.3% for FY26.

• Impact: Export and FDI prospects may be affected.

• US Fed may cut interest rates in July; ECB already cut in June; Japan likely to hold.

• Impact: Fed rate cuts could ease capital pressures on emerging markets like India.

• UK saw its warmest spring with 43% more sunshine; Europe faced extreme early-summer heat.

• Impact: Highlights global climate risks and the urgency of adaptation strategies for India.