IMF Warns Iran War Clouds Global Economic Recovery

Source: Bloomberg

IMF Warns Iran War Clouds Global Economic Recovery

‌The war in the Middle East ⁠has caused serious disruption to the economies of ​frontline countries, and is ‌dimming the outlook for many economies that had just ‌started to recover from previous crises, ​the International Monetary Fund has warned, The Caspian Post reports, citing foreign media.

In a blog published ​by the global lender's ​top economists, the IMF ​said the war launched by ​US and Israeli strikes against Iran on February 28 was causing a global, but ⁠asymmetric shock and leading to tighter ⁠financial ​conditions.

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IMF Warns Iran War Clouds Global Economic Recovery

‌The war in the Middle East ⁠has caused serious disruption to the economies of ​frontline countries, and is ‌dimming the outlook for many economies that had just ‌started to recover from previous crises, ​the International Monetary Fund has warned, The Caspian Post reports, citing foreign media.