ADVERTISEMENT
ADVERTISEMENT
IMF chief Georgieva warns of 'much worse outcome' if Middle East war drags into 2027
The war began on February 28, 2026, when the US and Israel launched coordinated, preemptive airstrikes on Iran
-
Reuters - Mon, 04, May 2026
- 18:29 EDT
- 26
FILE PHOTO: Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva takes part in "Debate on the Global Economy" during the 2026 annual IMF/World Bank Spring Meetings in Washington, D.C., U.S., April 16, 2026. / REUTERS/Ken Cedeno
The head of International Monetary Fund on May 4 warned that inflation was already picking up and the global economy could face a "much worse outcome" if the war in the Middle East drags into 2027 and oil prices hit around $125 per barrel.
IMF Managing Director Kristalina Georgieva said the continuation of the war meant that the global lender's scenario calling for a minor slowdown of global growth and a minor increase in prices was no longer possible.
As a result, the IMF's "adverse scenario" was already in effect, she said. Long-term inflation expectations remained anchored and financial conditions were not tightening, but that could change if the war continued, she told a conference hosted by the Milken Institute.\
Discover more at New India Abroad.
Related
ADVERTISEMENT
ADVERTISEMENT
E Paper
Video
Comments
Start the conversation
Become a member of New India Abroad to start commenting.
Sign Up Now
Already have an account? Login