The International Monetary Fund lowered its forecast for global GDP growth. The estimate for the current year was reduced by 0.7% points to 1.6%, for the next year - by 0.2 percentage points to 2.7%. In addition, downward revisions were made to forecasts for the economy of the United States and China.

For the U.S. this year, the fund believes growth will be 1.6%, down 0.7% from its previous estimate. For China, the figure was lowered by 0.1% to 3.2%. Next year, the forecast for the U.S. economy remained unchanged at 1.0%, while the forecast for China was lowered by 0.2% to 4.6%. The fund noted that China's growth in the second quarter was unusually low (0.4%) due to restrictive measures imposed amid outbreaks of coronavirus, and the decline in the country's real estate sector, which is about 1/5 of its economic activity.

Negative outlook for global GDP put pressure on oil prices, which ended with a third consecutive day of decline, having lost about 2%.