Hi Gurpreet Dhillon,
Welcome to Microsoft Q&A forum.
At the moment, I’m not seeing an official article that specifically confirms this exact New Outlook for Mac + IMAP issue with long Outbox delays and “Failed to download this message". You can feel free to check out Fixes or workarounds for recent issues in Outlook for Mac - Microsoft Support if there's any updates about this.
For now, I would suggest reverting to Legacy Outlook to see if the issue still persists. And also you can kind check the IMAP account's advanced settings, such as:
- SMTP authentication
- IMAP IDLE
- Sync interval
- Download headers only
- IMAP root folder.
For your reference: Advanced IMAP account settings for Outlook for Mac - Microsoft Support
If the problem only happens in New Outlook after those checks, the best next step is to report it from within Outlook using Help > Contact Support or Help > Feedback > Report a Problem. You can follow this article on how to do it: Give feedback about Outlook - Microsoft Support
I also recommend contacting Microsoft Support for additional insights through their live chat service. As forum moderators, we can only guide users to the appropriate support channels and provide troubleshooting steps based on our testing and official guidance from Microsoft.
Thank you for your understanding.
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