Employees control pans at the French pan manufacturer Cristel in Fesches-le-Chatel, eastern France, on July 8, 2026. (Photo by SEBASTIEN BOZON / AFP via Getty Images)

An employee works at the French pan manufacturer Cristel in Fesches-le-Chatel, eastern France, on July 8, 2026. (Photo by SEBASTIEN BOZON / AFP via Getty Images)

An employee holds a pan at the French pan manufacturer Cristel in Fesches-le-Chatel, eastern France, on July 8, 2026. (Photo by SEBASTIEN BOZON / AFP via Getty Images)

Employees works at the French pan manufacturer Cristel in Fesches-le-Chatel, eastern France, on July 8, 2026. (Photo by SEBASTIEN BOZON / AFP via Getty Images)

Second Deputy Prime Minister of Spain and Minister of Labor and Social Economy Yolanda Diaz (L) smiles during a press point with Baidy Agne (R), President of the National Council of Senegalese Employers (CNP) at their headquarters in Dakar, on July 8, 2026. (Photo by SEYLLOU / AFP via Getty Images)

Deniz Igan, Division Chief in the International Monetary Fund (IMF)'s Research Department speaks during an AFP interview at the IMF Headquarters in Washington, DC, on July 7, 2026. The IMF on July 8, 2026, cut its 2026 growth projection for the world economy again, saying an AI boom has not fully offset the fallout from war in the Middle East. Deniz Igan, division chief at the IMF's research department, told AFP that its forecasts are "broadly unchanged" cumulatively for the next two years and described the bounceback as "a V-shaped recovery." The delayed recovery from war on Iran, longer disruptions and higher prices is part of the reason the world economy will take a bigger hit this year, she added. (Photo by Kent Nishimura / AFP via Getty Images)

Deniz Igan, Division Chief in the International Monetary Fund (IMF)'s Research Department speaks during an AFP interview at the IMF Headquarters in Washington, DC, on July 7, 2026. The IMF on July 8, 2026, cut its 2026 growth projection for the world economy again, saying an AI boom has not fully offset the fallout from war in the Middle East. Deniz Igan, division chief at the IMF's research department, told AFP that its forecasts are "broadly unchanged" cumulatively for the next two years and described the bounceback as "a V-shaped recovery." The delayed recovery from war on Iran, longer disruptions and higher prices is part of the reason the world economy will take a bigger hit this year, she added. (Photo by Kent Nishimura / AFP via Getty Images)

Deniz Igan, Division Chief in the International Monetary Fund (IMF)'s Research Department speaks during an AFP interview at the IMF Headquarters in Washington, DC, on July 7, 2026. The IMF on July 8, 2026, cut its 2026 growth projection for the world economy again, saying an AI boom has not fully offset the fallout from war in the Middle East. Deniz Igan, division chief at the IMF's research department, told AFP that its forecasts are "broadly unchanged" cumulatively for the next two years and described the bounceback as "a V-shaped recovery." The delayed recovery from war on Iran, longer disruptions and higher prices is part of the reason the world economy will take a bigger hit this year, she added. (Photo by Kent Nishimura / AFP via Getty Images)