The IMF raised India’s growth forecast in its World Economic Outlook, upgrading the fiscal year to March 2027 by 0.6 percentage point to 7.0% and the following fiscal year by 0.3 percentage point to 7.0%. About 47% of economies saw downward revisions

The IMF World Economic Outlook report states that the rebound in inflation is mainly driven by energy and food prices.

Domestic News: 1. The 2026 Financial Street Forum Annual Meeting will open on October 19th. Key officials from financial regulatory departments will attend and deliver keynote speeches. 2. He Lifeng meets with Apple Executive Chairman Tim Cook. 3. China Passenger Car Association (CPCA): Retail sales of new energy vehicles reached 1.084 million units in September, a year-on-year decrease of 16.7%. 4. Spokesperson for the Ministry of Commerce answers reporters' questions regarding the consensus reached in the China-EU consultations on hybrid and electric vehicles. 5. The Ministry of Foreign Affairs takes countermeasures against Belize's Minister of Foreign Affairs, Foreign Trade, Education, Culture, Science and Technology, Fonseca. 6. The Ministry of Foreign Affairs takes countermeasures against Paraguayan Minister of Communications and Technology, Villat. This decision will take effect on October 12, 2026. 7. Ministry of Finance: The VAT export rebate rate for new energy vehicles will be reduced from 13% to 9%, and VAT export rebates for products such as electronic cigarette devices will be cancelled. International News: 1. Two American economists will be awarded the 2026 Nobel Prize in Economics. 2. The Central Bank of Kazakhstan plans to reduce its gold holdings, lowering the proportion of its reserves by approximately three percentage points. 3. Foreign media: The US hopes to soften Russia's stance through the diesel fuel agreement; Putin demands complete control of Donbas. 4. Federal Reserve Chair Hamak stated that future interest rate hikes may still be necessary, but the timing is uncertain; she prefers a "smaller, more frequent" approach. 5. Middle East Situation— ① The Saudi Civil Aviation Authority extends the closure of Riyadh Airport until 21:00 UTC on October 17. ② Iranian Foreign Ministry Spokesperson Baghae: Tehran is still reviewing the US position and will respond through intermediaries after the review is complete.