IMF: Ongoing war pushes global economy closer to worse economic scenario

The organization's spokeswoman, Julie Kozak, said at a regular press conference today that we are indeed heading towards a "worse-than-life scenario."

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Photo: Shutterstock
Photo: Shutterstock
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

Continued disruptions related to the war in the Middle East risk resulting in lower growth and higher inflation around the world, the International Monetary Fund (IMF) warned today.

The organization's latest projections, released in April, predicted global growth would be limited to 3,1 percent this year due to conflict and the blockade of energy flows in the Persian Gulf.

The IMF warned today that the global economy risks sliding towards a "worse" scenario if the war continues.

The organization's spokeswoman, Julie Kozak, said at a regular press conference today that we are indeed heading towards a "worse-than-life scenario."

"Inflation expectations remain unchanged for now in terms of a possible deterioration, and financial conditions require adjustment," she added.

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