US EditionIMF Sees Global Oil Shortfall This Year and Warns Iran War Could Tip World Into Recession
The fund said growth will slow and inflation will rise as oil flows through the Strait of Hormuz remain disrupted.
7 Articles
7 Articles
By Hanna Ziady and Stephanie Yang, CNN. The International Monetary Fund (IMF) says the world will face an oil shortage this year—even if the war with Iran were resolved this week—joining other major economic bodies in warning of the serious, likely, and potential impacts of the conflict. “If everything stopped tonight and, starting tomorrow, we moved toward reopening the Strait (of Hormuz)… we would still face an oil deficit this year,” Pierre-O…
The war in Iran, after the trade war, has resurfaced global inflationary pressures. Political, geopolitical and energy uncertainty is pressing everyone...
Iran war escalation could push global economy to brink of recession, IMF warns
The International Monetary Fund (IMF) warned that a further escalation in the war on Iran and continued disruption to oil markets could push the global economy to the brink of recession, with growth potentially slowing to 2% under its worst-case scenario. MORE..
IMF sees global oil shortfall this year and warns Iran war could tip world into recession
By Hanna Ziady, Stephanie Yang, CNN London/Hong Kong (CNN) — The International Monetary Fund says the world will suffer an oil shortfall this year – even if the war with Iran were resolved this week – becoming the latest major economic body to warn of severe likely and potential impacts of the conflict. “If everything
Due to the war in the Middle East, global economic growth is stalling, we are facing higher inflation, and the risk of a recession is becoming significantly greater. The International Monetary Fund (IMF) warns of this in a new report.
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