The International Monetary Fund will downgrade its global economic forecast due to the war with Iran, managing director Kristalina Georgieva said Thursday, warning of the lasting economic damage even in the most optimistic scenario.
“Even in the best case, there will be no neat and clean return to the status quo ante,” Georgieva said, citing spiraling energy costs, supply disruptions and a collapse in market confidence.
Global headline inflation is also expected to be revised upward, driven by oil price shocks and supply chain disruptions.
An earlier assessment of Trump’s Iran war was blunter still: “All roads lead to higher prices and slower growth.”
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*The IMF is cutting its global growth forecast, preparing €42.9bn in emergency aid and warning that 45 million people face food insecurity.*
Who will be paying for the war started by US and Israel Regimes?
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The International Monetary Fund will downgrade its global economic forecast due to the war with Iran, managing director Kristalina Georgieva said Thursday, warning of the lasting economic damage even in the most optimistic scenario.
“Even in the best case, there will be no neat and clean return to the status quo ante,” Georgieva said, citing spiraling energy costs, supply disruptions and a collapse in market confidence.
Global headline inflation is also expected to be revised upward, driven by oil price shocks and supply chain disruptions.
An earlier assessment of Trump’s Iran war was blunter still: “All roads lead to higher prices and slower growth.”
*The IMF is cutting its global growth forecast, preparing €42.9bn in emergency aid and warning that 45 million people face food insecurity.*
Who will be paying for the war started by US and Israel Regimes?