US EditionIran War Will Drag Global Growth Lower
Kristalina Georgieva said the conflict has cut oil and LNG flows and could raise IMF financial support needs by up to $50 billion.
10 Articles
10 Articles
IMF: Middle East war to slow world economic growth
The head of the International Monetary Fund warned Thursday that the damage to the global economy from the US-Israeli war against Iran will be considerable and long-lasting. Despite the two-week ceasefire announced this week in the war launched over a month ago, Managing Director Kristalina Georgieva said at an event in Washington, “Even in the best case, there will be no neat and clean return to the status quo ante.” As finance ministers and ce…
Iran war to permanently scar global economy even if peace is reached: IMF
The head of the International Monetary Fund (IMF) has warned the Iran war will cause permanent scarring on the global economy even if the fragile two-week ceasefire holds.In a keynote address yesterday, Kristalina Georgieva said the conflict has reversed the global economy's recent surge, which was driven by the AI boom and tech investment."In fact, had it not been for this shock, we would have been upgrading global growth," she told attendees …
According to her, the conflict has caused a major disruption in the energy market.
Iran War Will Drag Global Growth Lower
New York Times: “The war in Iran has dealt a new blow to the world economy, which the head of the International Monetary Fund said on Thursday will mean slower growth this year because of the destruction of energy infrastructure and supply chain disruptions.”
Berlin. The International Monetary Fund has recently warned that the growth rate of the global economy will decline. The main reason for this is the ongoing war in the Middle East, which is having a serious economic impact worldwide. Its head said that the situation is unlikely to return to normal after the war. Rapidly rising energy prices, damage to infrastructure such as roads and industries, disruptions to supply systems and loss of confiden…
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