Latest news and articles about global growth from NEX English
The International Monetary Fund has warned that the ongoing war in Iran threatens global economic forecasts, with growth trending towards a negative scenario and inflation risks rising. The IMF predicts a decline in global growth to <strong>3.1%</strong> by <strong>2026</strong> if current conditions persist.
An open dialogue titled 'The Future of the World: A New Platform for Global Growth' has commenced in Moscow, featuring experts and researchers from over 40 countries. The event aims to explore the prospects of global economic growth amid current challenges.
Kristalina Georgieva, Managing Director of the IMF, stated that the ongoing war in the Middle East will lead to increased inflation and a slowdown in global growth. She emphasized that while there is currently no food crisis, the situation could change if fertilizer supplies are affected.
The OECD warns that the escalating conflict in the Middle East has derailed the expected growth trajectory of the global economy, threatening a sharp rise in inflation rates. The disruption of energy shipments through the Strait of Hormuz could exacerbate these issues.