IMF Director Warns That Iran War Damages to the Global Economy Are Likely to Be Truly Permanent

Managing Director Kristalina Georgieva warned that the war in Iran will inflict permanent damage on the global economy despite a fragile ceasefire.The IMF plans to downgrade its global growth forecast next week following supply shocks and infrastructure destruction in the energy sector.Destruction of shipping routes and gas complexes has led to extreme volatility in Brent crude oil and liquefied natural gas markets.Furthermore, the conflict is expected to push 45 million more
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