Head of IMF says Iran war will permanently scar global economy even if peace is reached

IMF chief Kristalina Georgieva warns that the conflict with Iran will leave permanent economic scars, downgrading global growth and hitting living standards even under the most optimistic peace scenario. | Contesto: cronaca

Punti chiave

• Head of IMF says Iran war will permanently scar global economy even if peace is reached

Contesto

The head of the International Monetary Fund has issued a stark warning that the war involving Iran will permanently damage the global economy. Kristalina Georgieva stated this assessment holds true even if a durable peace agreement is eventually secured in the Middle East. Her speech came at a critical moment as ceasefire efforts in the conflict appeared to be on the verge of collapse. The timing underscored the fragility of the situation and the immediate economic pressures at play. Georgieva pointed to the 'scarring effects' already inflicted by the war, which will result in slower worldwide economic growth this year than initially forecast. These effects are deep-seated and will influence long-term performance. Consequently, the IMF now anticipates a growth downgrade and a permanent negative impact on global living standards. This outlook persists even in what the Fund describes as the 'most hopeful scenario' for a resolution to the hostilities.

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Categoria: cronaca