Global Economic Outlook Muted Despite Challenges; Markets Eye Recession Risks

Global economy faces challenges but IMF sees mediocre growth prospects ahead, raises inflation forecast.

Israel-Hamas conflict raises supply concerns, spikes fertilizer stocks; Ukraine farmland abandoned in war.

China mulls stimulus, higher deficit to bolster slowing economy; property developer Country Garden defaults.

U.S. gears up to enforce sanctions on Russian oil; Biden interviewed in classified docs probe.

Tax changes loom as 2017 cuts near expiration; trade barriers still high, food inflation elevated.