IMF Warns Iran War Will Leave Lasting Scars on Global Economy

IMF Warns Iran War Will Leave Lasting Scars on Global Economy

Several fuel shortages, hunger, and spiralling inflation will be some of the consequences of the Iran war as the head of the International Monetary Fund said that it would leave “scarring effects” on the global economy. In a speech by Kristalina Georgieva, the IMF’s managing director, global policymakers were warned that trade disruption across the Middle East over the last month would lead to lower growth and higher inflation. The impact of the war was also predicted to be uneven between different countries depending on...